PartnerRe

S&P had earlier declared the mutual could comfortably digest even a sizeable acquisition.

The reinsurer must decide whether the uncompromising approach of 2019/20 will continue under Covea ownership.

Fitch today placed PartnerRe’s A+ strong financial strength rating on “rating watch positive”.

There are no other obvious cash bidders out there for reinsurance-only franchises.

Scor shares slip on its largest shareholder's takeover agreement.

The Bermuda-based carrier’s non-life underwriting loss in Q4 widened 181 percent compared with the previous year.

PartnerRe sale talks, Fidelis capital raising and AIG results.

As owner Exor and would-be buyer Covea conduct exclusive talks, this publication takes the measure of the Bermuda reinsurer.

Just under a quarter of Covea’s portfolio would be dedicated to reinsurance should its bid for PartnerRe be successful.

Covéa now looks favourite to seal a deal to acquire PartnerRe for more than $9bn, after the giant French mutual insurer was foiled in its attempts to acquire Scor in 2018/19.

Sources told this publication that the outlines of a deal are already in place.

Any deal would likely see a valuation of more than $8bn placed on PartnerRe.