M&A Deal Summary

PartnerRe Acquires Presidio Reinsurance Group

On December 19, 2012, PartnerRe acquired insurance company Presidio Reinsurance Group for 72M USD

Acquisition Highlights
  • This is PartnerRe’s 3rd transaction in the Insurance sector.
  • This is PartnerRe’s 3rd largest (disclosed) transaction.
  • This is PartnerRe’s 1st transaction in the United States.
  • This is PartnerRe’s 1st transaction in California.

M&A Deal Summary

Date 2012-12-19
Target Presidio Reinsurance Group
Sector Insurance
Buyer(s) PartnerRe
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Presidio Reinsurance Group

San Francisco, California, United States
Presidio Reinsurance Group, a U.S. specialty accident and health reinsurance and insurance writer.

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Buyer(S) 1

Buyer

PartnerRe

Pembroke, Bermuda

Category Company
Founded 1993
Sector Insurance
Employees1,281
Revenue 5.4B USD (2015)
DESCRIPTION

PartnerRe Ltd. is a provider of risk-assumption solutions for the global insurance and capital markets. It provides insurance companies with multiple lines of reinsurance property & casualty, catastrophe, specialty lines, life, and alternative risk transfer through our offices around the world.


DEAL STATS #
Overall 3 of 5
Sector: Insurance M&A 3 of 4
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-05 Paris Re Holdings

Zug, Switzerland

Paris Re Holdings Ltd. is a property and casualty reinsurer with a global market presence.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Almacantar

London, United Kingdom

Almacantar specializes in the commercial property markets in London and Paris.

Buy -