Adam McNestrie of The Insurance Insider last night dug out a great follow up to last week's humdinger about PartnerRe being up for sale.
The publication reports that:..
The Scor, Covea soap opera took another twist today after Betaville's chums over at The Insurance Insider revealed that Exor is fed up with PartnerRe and is looking to sell out, possibly via a merger with the French mutual.
Below is a link to the super scoop from Adam McNestrie, the Lloyd's of London market's leading M&A scoopster and now boss of the well respected insurance rag...
The answer to the question I posit in the headline is: a strange attitude to the truth.
Take, for example, French insurance group Scor, which repeatedly denied in August 2018 to enquiring journalists (including yours truly) it held talks with Covea or Partners Re about offers about a deal for the business...
Betaville read with amusement the fall out from Covea's failed takeover bid for insurance giant Scor.
The acrimony is palpable with both companies making all sorts allegations (which for legal reasons won't be repeated here). In case you missed it, below are the links to the relevant stories:
https://www.ft.com/content/a87f19ce-23be-11e9-b329-c7e6ceb5ffdf..