Covéa agrees $9bn deal for Partner Re
Covéa has signed up to buy Bermuda-based global reinsurer Partner Re from the Ferrari-owning Agnelli family for $9bn (£7bn) in cash in a deal scheduled to complete in the fourth quarter of this year.
The acquisition will take the French mutual insurer to €23bn (£20.1bn) in premium.
After the takeover reinsurance will account for around 25% of the combined group’s portfolio. Some 66% of Covéa’s
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