Exor NV, the holding company of Italy’s Agnelli family, is in advanced talks to sell reinsurance company PartnerRe Ltd. to French insurer Covéa Coopérations in a deal that could value PartnerRe at about $9 billion, according to a person familiar with the negotiations. Though at an advanced stage, the talks might not conclude in a sale of PartnerRe, the person said. John Elkann, the Agnelli scion who is chairman and chief executive of Exor, wasn’t looking to sell PartnerRe, but agreed to engage in the talks because he considered...

Source: Wall Street Journal February 09, 2020 14:03 UTC