EXOR in discussions with Covéa over possible PartnerRe sale

EXOR has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe.

“These discussions are ongoing and there is no certainty that they will result in a transaction,” EXOR said in a statement.

EXOR said it will not comment further on the matter until the discussions have been finalised.

EXOR acquired PartnerRe in March 2016 for $6.9 billion following a lengthy battle. Prior to the sale Axis had also sought to acquire the Bermuda-based re/insurer.