Shareholder meeting backs moves to buy Paris Re

Partner Re shareholders have backed the reinsurer’s acquisition of a French-listed, Swiss-based rival Paris Re.

Shareholders approved

  • the issuance PartnerRe common shares in connection with the series of transactions to acquire Paris Re
  • increasing the size of the board of directors to 12 from 11
  • to amend the Company’s existing equity plan to increase the number of PartnerRe common shares available for issuance
  • to increase the number of PartnerRe common shares that may be awarded to employees as restricted shares or restricted share units.

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