World Insurance Report
Partner Re launches bid to buy out Paris Re
After the block purchase, Partner Re will target 90% of shares before a compulsory merger under Swiss law
Bermuda-based Partner Re is to take over the French-listed, Swiss-based reinsurer Paris Re (formerly AXA Re). Partner Re is
to offer 0.30 of its common shares for each share in Paris Re in a transaction that will cost approximately US$2bn.