EXOR to Acquire PartnerRe for $6.9 Billion

EXOR S.p.A., a leading investment company headquartered in Italy and controlled by the Agnelli family, announced the signing of a deal to acquire PartnerRe Ltd., a Bermuda-based global reinsurance company, for approximately $6.9 billion in cash. The signing of the transaction followed termination of a stock-for-stock merger transaction with AXIS Capital Holdings Ltd. that PartnerRe Ltd. had previously announced in January, 2015

EXOR made its unsolicited offer for PartnerRe on April 14, 2015 which was followed by counterbids from AXIS and additional enhancements from EXOR. The parties conducted a contested proxy solicitation and, following the recommendations of the two major proxy solicitation advisory firms against the AXIS transaction, EXOR and PartnerRe negotiated a resolution of the matter shortly prior to the PartnerRe shareholder vote on its proposed merger with AXIS. The transaction is expected to close by the first quarter of 2016, subject to customary closing conditions including shareholder and regulatory approvals.

The transaction team was led by Paul, Weiss, Rifkind, Wharton & Garrison. CHW, led by Ernest Morrison, Natalie Neto and Jonathan Betts, advised EXOR on all aspects of Bermuda law and regulation.

For further information please contact Natalie Neto on +1441 294 1512 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Bermuda Enacts Innovative Legislation

08-06-2022 News

This article was originally published in the IFC Review on 8 June 2022 (IFC Review) Bermuda Enacts Innovative Legislation Bermuda is a leading jurisdiction for numerous international business sectors and is recognised...

Read more

Bermuda Enacts Innovative Legislation

09-06-2021 News

  Bermuda Enacts Innovative Legislation Bermuda is a leading jurisdiction for numerous international business sectors and is recognised for its adherence to international standards and regulatory framework. Bermuda continues to be a...

Read more

Bermuda’s Beneficial Ownership Registe…

13-07-2020 News

Bermuda’s Beneficial Ownership Register to be made Accessible to the Public in 2022 The Government of Bermuda has announced that it will pass legislation making the companies central register of beneficial...

Read more

COVID-19 Update

17-03-2020 News

Notice regarding COVID-19 In light of the uncertainty that we all face as individuals and as a business with the outbreak of COVID-19 (Coronavirus), Cox Hallett Wilkinson Limited and its affiliates...

Read more

Bermuda's EU white list status confirmed

19-02-2020 News

Bermuda's EU white list status confirmed   The Economic and Financial Affairs Council (ECOFIN) has confirmed Bermuda's status on the European Union's white list of fully cooperative tax jurisdictions following a meeting...

Read more

A New Year – taking the time to review…

03-02-2020 News

A New Year: taking the time to review your Estate Plan now will pay off in the future   Now is a particularly good time to review your estate planning. This is...

Read more

Are you thinking digitally? Dealing with…

13-01-2020 News

Are you thinking digitally? Dealing with your digital assets By: Anne Campbell With virtually every aspect of life becoming captured and stored in some digital form, the protection of digital assets...

Read more

Trustee Discretion: How wide is it?

13-01-2020 News

Trustee Discretion: How wide is it   The Bermuda Supreme Court case of In the matter of the R Trust (2019) SC 36 has been described in other commentary as one of...

Read more


08-01-2020 News

UPDATE ON TRUSTEES AND TRUST BUSINESS   As a service to clients and to assist present and future trustees of Bermuda trusts and for those considering appointing Bermuda trustees to new or...

Read more

Bermuda's Economic Substance regime amen…

03-01-2020 News

  Update on Bermuda’s Economic Substance Legislation Bermuda's Economic Substance regime amended with the aim of regularising the Bermuda regime with other offshore jurisdictions. January 2020   We are pleased to report recent developments...

Read more

Bermuda appoints the first Privacy Commi…

17-12-2019 News

Bermuda Appoints its First Privacy Commissioner Pursuant to the Personal Information Protection Act 2016 (the Act), the Governor of Bermuda has announced that Alexander White is Bermuda’s first Privacy Commissioner. Mr...

Read more

GeoPark acquires Amerisur Resources Plc

18-11-2019 News

Cox Hallett Wilkinson Limited (“CHW”) advised GeoPark Limited (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, on Bermuda law matters relating to the US$315 million acquisition of Amerisur Resources...

Read more

Style Selector

Layout Style

Predefined Colors

Background Image