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MILAN (Bloomberg) — PartnerRe exited junk bonds and shifted funds into property as the Bermudian reinsurer reshaped a $16.3 billion investment portfolio after being acquired by Italian investment firm Exor SpA. Exor’s approach is to focus on holdings...

PartnerRe Ltd made a profit of $201.4 million for the first quarter, about $31 million lower than the same period in 2015. The company’s net income represents a return on equity of 13.3 per cent. PartnerRe, which has offices on Pitts Bay Road, is now...

The managing director of Italian investment giant Exor was yesterday appointed chief financial officer at the firm’s Bermudian subsidiary PartnerRe. Mario Bonaccorso will replace Bill Babcock, who served at the reinsurance firm as executive vice-pres...

The chairman of Italian investment giant Exor today became chairman of the board at PartnerRe. John Elkann’s firm completed a $6.9 billion deal to take over the Bermuda reinsurer after a takeover battle with Axis Capital Holdings. Emmanuel Clarke, pr...

PartnerRe Ltd’s acquisition by Exor has been completed, the Bermudian reinsurer announced today. Next Thursday the company’s new board will meet for the first time when the directors will nominate a chairman and the company’s new permanent chief exec...

Preferred shareholders of PartnerRe are to receive a total cash payment of about $42.7 million in connection with the company’s acquisition by Exor. The payment equals $1.25 per preferred share, and is expected to be made in the current financial qu...

Reinsurance firm PartnerRe yesterday announced profits of $162.3 million for the fourth quarter of last year — more than $100 million down on the same period in 2014. The profit for the full year was just $47.6 million — put down to the $315 million ...

Bermuda reinsurer PartnerRe Ltd said last night that it expects that it expected to write around $2.5 billion of premium in this year’s January 1 treaty renewal season amid “further erosion of prices”. On a constant foreign exchange basis, this repr...

PartnerRe Ltd has appointed Chairatch Phrompechrut as head of strategic ventures. He will report to Marvin Pestcoe, chief executive officer, life, health and strategic ventures. Mr Phrompechrut joined the company in 2008 and has held several positi...

PartnerRe has become the Bermuda-based reinsurer this week to announce it is setting up a branch office in oil-rich Dubai. The firm received approval to open an office from Dubai regulators and will begin underwriting operations at the start of next ...

Eight schools received $30,000 each this week as part of PartnerRe Ltd’s Dollars for Hours project. The initiative, which pairs student volunteers with charities on community projects, has involved 1,700 students and raised more than $2 million since...

Shareholders in reinsurance firm PartnerRe today backed the $6.9 billion takeover offer from Italian investment giant Exor. The shareholders voted on the deal — which also gets them a special dividend of $3 a share contingent on the deal closing — at...