IRS Scrutiny of Offshore Tax Avoidance Repels Bids for Bermuda Reinsurers May 19, 2015 By Sonali Basak The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’...
Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle May 13, 2015 By Tommaso Ebhardt The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars...
PartnerRe Is Reviewing Enhanced Rival Bid From EXOR May 13, 2015 Bermuda-based PartnerRe Ltd. has confirmed it has received a revised offer from EXOR SpA to acquire all of the outstanding...
EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer May 12, 2015 By Sonali Basak and Tommaso Ebhardt EXOR SpA upped the ante in the takeover battle for PartnerRe Ltd., raising its bid by 5.8 percent to overcome...
AXIS Said to Value PartnerRe Deal by Viewing Montpelier, Catlin Acquisitions May 11, 2015 By Sonali Basak AXIS Capital Holdings Ltd., seeking to complete a merger with PartnerRe, is highlighting the prospects for growth of a combined...
Italy’s EXOR to Consider Increasing $6.4B Offer for PartnerRe: Sources May 11, 2015 By Greg Roumeliotis and Mike Stone Italy’s EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday,...
AXIS Capital Could Attract Offer From Arch Capital: Report May 7, 2015 By Doni Bloomfield and Sonali Basak AXIS Capital Holdings Ltd. climbed in New York trading on Wednesday after “Insurance Insider” reported that the company, which has...
EXOR Bid for PartnerRe Still Has Legs as Shareholders Weigh Offers: Real M&A May 5, 2015 By Brooke Sutherland and Sonali Basak PartnerRe Ltd. is betting the value of a merger with AXIS Capital Holdings Ltd. is worth more in the long...
XL Looks to Illiquid Securities, Infrastructure to Boost Yields: McGavick May 4, 2015 By Doni Bloomfield and Sonali Basak XL Group plc Chief Executive Officer Mike McGavick said the insurer is looking to illiquid securities and infrastructure investments to...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B May 4, 2015 By Regina Tan, Sonali Basak and Zeke Faux Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore...