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News Breaks
June 23, 2014
09:05 EDTAXSAXIS Capital COO jack Gressier to retire, effecgtive June 30, 2015
AXIS Capital Holdings Limited announced that Jack Gressier, COO, has provided notice of retirement effective June 30, 2015, so that he may spend more time with his family. Effective immediately, Gressierís current responsibilities will be distributed among Peter Wilson, CEO of AXIS Insurance; Christopher DiSipio, CEO of AXIS Accident & Health; and Richard Strachan, Chief Operations Officer. Wilson and DiSipio will now report directly to Albert Benchimol, President and CEO of AXIS Capital. Strachan will assume responsibility for both ceded reinsurance and broker relationship management, and he will continue to report to Benchimol. The company does not intend to replace Gressier.
News For AXS From The Last 14 Days
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May 22, 2015
11:50 EDTAXSEXOR notes PartnerRe's unwillingness to engage properly
EXOR S.p.A., one of Europeís leading listed investment companies and the largest shareholder of PartnerRe (PRE), notes Friday's announcement by PartnerRe which continues to mischaracterize its proposal. Further, PartnerRe remains unwilling to engage with EXOR according to the terms provided in their agreement with AXIS Capital Holdings Limited (AXS). EXOR therefore welcomes the announcement that the board of PartnerRe is finally taking steps to allow its shareholders to vote on the AXIS transaction. EXOR is confident that PartnerRe shareholders will vote in their best interest and that EXORís $137.50 per share all-cash binding offer will ultimately prevail as it provides superior value and certainty. EXOR urges the board of PartnerRe to announce a record date and a date for a shareholder meeting without delay.
11:13 EDTAXSSandell says PartnerRe behavior raises questions about commitment to fairness
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07:02 EDTAXSPartnerRe to proceed to vote on AXIS Merger after EXOR rejects invite to talks
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May 21, 2015
14:15 EDTAXSEXOR says willing to engage with PartnerRe
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May 20, 2015
19:35 EDTAXSAXIS CEO says PartnerRe merger still in best interest of company, Reuters says
AXIS Capital (AXS) CEO Albert Benchimol sent a memo to company employees Wednesday stating that a merger with PartnerRe (PRE) remains in the best interest of both companies, but that if it ultimately fails to secure a deal, AXIS can expect to receive a $280M breakup fee, Reuters reported earlier, citing a copy of the memo. Reference Link
08:58 EDTAXSPartnerRe board issues letter to shareholders
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08:56 EDTAXSPartnerRe board seeks to engage EXOR in discussions regarding potential deal
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May 18, 2015
13:20 EDTAXSArch has made multiple AXIS Capital approaches, The Insurance Insider reports
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06:22 EDTAXSSource: AXIS not planning to sweeten bid for PartnerRe, Reuters reports
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May 12, 2015
18:52 EDTAXSPartnerRe shareholder calls Exor offer 'clearly superior,' Reuters says
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07:22 EDTAXSEXOR announces all-cash offer to acquire PartnerRe for $137.50 per share
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