PartnerRe Ltd. Completes Acquisition Of Presidio
PartnerRe Ltd. today [Jan 2] confirmed the successful completion of its previously announced acquisition of California-based Presidio Reinsurance Group, a U.S. specialty accident and health reinsurance and insurance writer. All required regulatory approvals have been obtained.
The Presidio Reinsurance Group currently underwrites approximately $250 million of accident and health premiums. The Presidio Reinsurance Group was formed in 1994 and is a leading writer of HMO reinsurance and provider of stop-loss insurance in the US. Additionally, it writes medical treaty reinsurance, employer stop-loss insurance, and accident insurance and reinsurance.
