Exor bid for PartnerRe disrupts conventional wisdom

Graham Village

The spike in merger and acquisition (M&A) activity in the international reinsurance market over the last few months has mostly involved existing players within the sector and has had a mainly defensive character about it. So Exor’s bid for PartnerRe, announced earlier this month, came as something of a surprise, indicating investors outside the market may have a more positive view of the reinsurance sector than professionals within it currently hold.