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  • July 16- Reinsurer Axis Capital Holdings Ltd sweetened its offer for rival PartnerRe Ltd as it looks to fend off a competing bid from Italy's Exor SpA. The companies said on Thursday that Axis would raise the special dividend component of the offer to $17.50 per share from $11.50 and match Exor's exchange offer for PartnerRe's preferred shareholders.

  • Axis Capital raises special dividend in PartnerRe offer Thursday, 16 Jul 2015 | 8:23 AM ET

    July 16- Reinsurer Axis Capital Holdings Ltd said it was raising the special dividend component of its offer for PartnerRe Ltd as it looks to fend off a rival offer from Exor SpA. Reuters reported last week that Axis Capital Holdings and PartnerRe were considering tweaking their $6.2 billion merger agreement. Exor SPA could not be immediately reached for...

  • Deaths from global disasters rising in 2015 - insurer Tuesday, 14 Jul 2015 | 7:06 AM ET

    FRANKFURT, July 14- The death toll from natural disasters such as earthquakes, storms and heatwaves rose sharply worldwide in the first six months of 2015, the world's largest reinsurance company Munich Re said on Tuesday. However, the economic cost of such events dropped to $35 billion from $42 billion, Munich Re said in a biannual review, reflecting the fact...

  • July 8- Reinsurers Axis Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by Exor SpA, people familiar with the matter said. This relatively small amount of money could still make a difference, however, because PartnerRe's preferred shareholders control...

  • LONDON, June 15- Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to the survey by global risk adviser Willis of senior executives at...

  • TORONTO, June 10- The Canada Pension Plan Investment Board, already a major global investor, has signaled even greater ambitions with a $12 billion transaction with GE Capital that insiders and advisors said may herald larger deals. The fund already owns positions in Brazilian shopping mall developer Aliansce Shopping Centers; luxury retailer Neiman Marcus...

  • *PartnerRe says Exor's offer price is "unacceptable". MILAN/NEW YORK, May 22- Bermuda- based reinsurer PartnerRe will ask its shareholders to vote on a merger with Axis Capital Holdings agreed in January, after rival bidder Exor refused to further sweeten its $6.8 billion offer. Exor has become PartnerRe's largest shareholder after acquiring a stake of 9.9...

  • MILAN, May 21- Italian investment holding company Exor said on Thursday it would not raise its $6.8 billion takeover offer for PartnerRe but was willing to negotiate with the reinsurer if its board declared its offer superior to that of rival suitor Axis Capital Holdings. Bermuda- based PartnerRe said on Wednesday it was ready to talk to Exor, to see if there was...

  • MILAN, May 20- Bermuda- based reinsurer PartnerRe said on Wednesday it was ready to talk to Italian holding company Exor to see if there was room to improve its $6.8 billion takeover bid. "While we believe that PartnerRe is worth materially more than Exor has offered and the terms they have proposed are deficient, we stand ready to negotiate," PartnerRe Chairman...

  • May 12- Italian holding company Exor sweetened its all-cash offer for Bermuda- based reinsurer PartnerRe to $6.8 billion after its previous attempt to trump a bid by Axis Capital Holdings was rejected. PartnerRe rejected Exor's earlier $6.4 billion offer last week, arguing it undervalued the company. Exor, PartnerRe's largest shareholder with a 9.32 percent...

  • May 12- One of PartnerRe Ltd's biggest shareholders said Exor SpA's sweetened offer for the Bermuda- based reinsurer was "clearly superior" to Axis Capital Holdings Ltd's for the company. Peter Langerman, chief executive of top-five shareholder Franklin Mutual Advisers LLC, told Reuters on Tuesday that the Axis deal would "be voted down, no question about it".

  • May 8- Italy's Exor SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting next Tuesday, two sources told Reuters on Friday. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April, disrupting an all-share deal between Axis Capital Holdings Ltd and PartnerRe to create...

  • *Exor "fully committed" to PartnerRe bid. MILAN/ BANGALORE, May 4- Italy's Exor said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda- based reinsurer rejected its attempt to trump a bid by Axis Capital Holdings. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April,...

  • MILAN, May 4- Italy's Exor said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe after the Bermuda- based reinsurer rejected its attempt to trump a rival bid by Axis Capital Holdings. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in April, disrupting an $11 billion all-share deal...

  • May 4- Loews Corp reported a lower-than-expected quarterly profit as its energy subsidiary reported a loss and revenue fell at its insurance unit. According to Thomson Reuters I/B/E/S, Loews earned 69 cents per share on an adjusted basis, below the average analyst estimate of 75 cents. Diamond Offshore Drilling Inc, Loews' second-biggest subsidiary, reported a...

  • HONG KONG, May 3- Fosun International Ltd, an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to...

  • OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...

  • ZURICH/ LONDON, April 30- Swiss Re, the world's second-largest reinsurer, beat forecasts with a 17 percent rise in first-quarter net profit on Thursday, boosted by strong investment returns, and said it was able to renew policies at "acceptable" rates. Swiss Re and other reinsurers help insurance companies cover the cost of major damage claims, such as for...

  • Profits up 17% at world's second-largest reinsurer Thursday, 30 Apr 2015 | 5:17 AM ET
    The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo.

    Swiss Re, the world's second-largest reinsurer, posted a 17 percent rise in net profit and said reinsurance rates remained attractive.

  • Higher yields would boost our sector: Swiss Re CFO Thursday, 30 Apr 2015 | 3:40 AM ET
    Higher yields would boost our sector: Swiss Re CFO

    Swiss Re CFO, David Cole, says higher yields would be a boon to the reinsurance sector.