S&C Advises Exor in $9 Billion Sale of Reinsurer PartnerRe to Covéa

March 9, 2020

S&C is advising Netherlands-based holding company Exor in its agreement to sell PartnerRe to France's Covéa for $9 billion.

Exor acquired reinsurer PartnerRe in 2016, and has worked with its management team to grow its business and create a sizable presence in life and health reinsurance. Following the acquisition by Covéa, PartnerRe will enter the top tier of reinsurers worldwide measured by its balance sheet.

The S&C team advising Exor is led by Scott Miller and Costanza Posarelli on M&A. Olivier de Vilmorin advised on French law matters. Davis Wang and David Spitzer advised on U.S. tax matters. Gauthier Blanluet advised on French tax matters. Marion Leydier advised on insurance regulatory matters. Eric Kadel and Christopher Mann advised on CFIUS matters. Michael Rosenthal and Elisa Hauch advised on antitrust and competition matters, and Heather Coleman advised on executive compensation matters.