French reinsurer investors could pursue a merger deal with Bermudian reinsurer PartnerRe , according to reports from Berenberg . The move could be a defensive one after SCOR rejected a hostile takeover attempt from investors in September . The french firm rejected the € 8.2bn ( $ 9.6bn ) bid , saying it threatened its independence and did not reflect its value . Though SCOR has denied speculation of discussions with PartnerRe , investors said a deal would significantly increase its involvement in the global reinsurance industry . The two companies ’ compatible business lines , notable acquisitions and capital synergies would fit well together and a merger would also satisfy investors disappointed at the Covea bid being rejected .
French reinsurer SCOR could pursue a merger deal with Bermudian reinsurer PartnerRe, according to analysts from Berenberg. The move could be a defensive one after SCOR rejected a hostile takeover attempt from Covea in September. The french firm rejected the €8.2bn ($9.6bn) bid, saying it threatened its independence and did not reflect its value. Though SCOR has denied speculation of discussions with PartnerRe, Berenberg said a deal would significantly increase its standing in the global reinsurance industry. The two companies’ compatible business lines, notable cost and capital synergies would fit well together and a merger could also satisfy investors disappointed at the Covea bid being rejected.