Covea closes EUR7.9bn PartnerRe acquisition
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Covea closes EUR7.9bn PartnerRe acquisition

Covea PartnerRe logo paris.jpg

Covea has announced the closure of its EUR7.9bn ($7.94bn) acquisition of PartnerRe from Exor, in a move CEO Thierry Derez described to this publication as both “industrial and strategic”.

Covea originally agreed to buy Bermudian P&C reinsurer PartnerRe from Exor for $9bn in March 2020, only to back out of the deal that spring, citing Covid-19’s impact on the business’s value.


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