PartnerRe condemns Exor lawsuit

Bermuda-based PartnerRe has condemned a lawsuit taken against the company by Exor today (Wednesday June 3) in the Supreme Court of Bermuda.

According to Exor, the lawsuit seeks to obtain customary beneficial ownership information from PartnerRe.

“EXOR’s claims are without merit. We have complied with our obligations regarding the disclosure of shareholder information under applicable Bermuda and US laws,” said PartnerRe.

“We intend to vigorously defend ourselves and are confident that their claim will be rejected.”

Earlier today (June 3, 2015) Exor said: “The lawsuit details that despite Exor’s reasonable and customary request, PartnerRe has thus far refused to share the shareholder lists, further evidencing the intention of PartnerRe’s board to protect an inferior transaction with Axis to the detriment of its shareholders, employees and clients.”