PartnerRe's future seems to have become a lot clearer after influential shareholder proxy firms ISS and Glass Lewis recommended that the reinsurer's shareholders vote against the proposed sale to Axis. Normal 0 false
Influential shareholder proxy firm ISS has said it has significant concerns whether the PartnerRe directors negotiated the best possible outcome for their shareholders in the Axis merger/Exor hostile bid situation.
Shares in Beazley rose as much as 5.4 percent this morning (24 July) after the announcement of the Lloyd's carrier's H1 2015 results raised investor sentiment on the company.
Fosun-owned reinsurer Peak Re has agreed to acquire a 50 percent stake in Caribbean insurance group Nagico Holdings, as it looks to expand its presence beyond Asia.
Axis and PartnerRe have stopped all work on integrating the two companies after PartnerRe offered to enter due diligence with Exor following its improved $140.50 per share offer.
US insurer Travelers provided further evidence of ebbing momentum in US P&C commercial insurance pricing during the second quarter as operating earnings for the period rose by 20 percent.
