6-K
Partnerre Ltd (PREJF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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Report of Foreign Private Issuer
Pursuant To Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August 2020
Commission File Number 001-14536
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PartnerRe Ltd.
(Translation of registrant’s name into English)
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Wellesley House South, 90 Pitts Bay Road,
Pembroke HM08, Bermuda
(441) 292-0888
(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ý Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
Yes ¨ No ý
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
Yes ¨ No ý
DOCUMENT FURNISHED AS PART OF THIS FORM 6-K
On August 3, 2020, EXOR announced that Covéa will invest a total of €1.5 billion with Exor, including €750 million in special purpose reinsurance vehicles managed by PartnerRe.
The following document, furnished as an exhibit to this Form 6-K, is incorporated by reference as part of this Form 6-K:
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Exor Press release – Covéa to invest a total of €1.5 billion with Exor, including €750 million in special purpose reinsurance vehicles managed by PartnerRe. |
EXHIBIT INDEX
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Exor Press release – Covéa to invest a total of €1.5 billion with Exor, including €750 million in special purpose reinsurance vehicles managed by PartnerRe. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| PartnerRe Ltd. | |||
|---|---|---|---|
| (Registrant) | |||
| Date: | August 3, 2020 | By: | /s/ Lee Iannarone |
| Name: Lee Iannarone | |||
| Title: Associate General Counsel |
Exhibit
Exhibit 99.1
PRESS RELEASE
Amsterdam, 3 August 2020
COVÉA TO INVEST A TOTAL OF €1.5 BILLION WITH EXOR AND IN REINSURANCE VEHICLES MANAGED BY PARTNERRE
Exor N.V. (“Exor”), one of Europe’s leading family-controlled holding companies, announces that it has reached an agreement with Covéa Coopérations S.A. (“Covéa”) under which Covéa will invest a total amount of €1.5 billion with Exor and in special purpose reinsurance vehicles managed by PartnerRe.
A total amount of €750 million will be allocated for investment opportunities alongside Exor. A further total amount of €750 million, with a three- to five-year lock-up period, will be allocated in a number of special purpose insurance vehicles managed by PartnerRe, investing in property catastrophe and other short-tail reinsurance contracts. A €500 million investment in special purpose insurance vehicles will be made on January 1, 2021 with an additional €250 million investment to be made prior to or on January 1, 2024.
Commenting on the agreement, John Elkann, Chairman and Chief Executive Officer of Exor said:
“After having decided definitively to continue our project to build one of the world’s leading independent reinsurers, we’re more than happy now to have been able to agree with Covéa this constructive cooperation extending also to other fields of our activity.“
EXOR N.V.
Gustav Mahlerplein 25,
1082 MS Amsterdam,
The Netherlands