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PartnerRe Shareholders Approves Proposed Acquisition Of PARIS RE

The first proposal was to approve the issuance PartnerRe common shares in connection with the series of transactions to acquire PARIS RE

PartnerRe’s shareholders have approved all of the proposals recommended by the company’s board of directors for the proposed acquisition of PARIS RE, a French-listed, Swiss-based diversified reinsurer.

There were certain proposals PartnerRe shareholders were asked to vote. The first proposal was to approve the issuance of PartnerRe common shares in connection with the series of transactions to acquire PARIS RE. Another proposal was to increase the size of the board of directors to 12 from 11.

The last proposal was to amend the company’s existing equity plan to increase the number of PartnerRe common shares available for issuance and to increase the same that may be awarded to employees as restricted shares or restricted share units.

PartnerRe is a global reinsurer, providing multi-line reinsurance to insurance companies.