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Axis CEO says big deals still possible after PartnerRe miss

Axis would be drawn to an insurer or reinsurer that would allow it to expand selective business lines and create a more efficient underwriting platform.

By Oliver Suess, Jan-Henrik Förster | Updated on September 12, 2016

(Bloomberg) – Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer said.

“PartnerRe was an example of a possible acquisition that might have worked, there are others,”  Albert Benchimol said in an interview in Monte Carlo on Sunday. “They may not be pure reinsurance companies and they may not be the size of PartnerRe, but there are certainly interesting companies out there. Whether they want to be acquired is another question.”

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