Partnerre Ltd. · OTC:PREJF
Partnerre — Proxy Contest (June 2015)
5 slides from Partnerre's proxy contest presentation, Jun 8, 2015
Slide 1: EXOR Proposal for Partner Re: Support Materials for Preferred Shareholders
1 APRIL 2015 PARTNER RE 1 EXOR PROPOSAL FOR PARTNER RE SUPPORT MATERIALS FOR PREFERRED SHAREHOLDERS JUNE 2015
Slide 2: Disclaimer
2 Disclaimer Certain statements and information contained in this communication that are not statements or information of historical fact constitute forward - looking statements, notwithstanding that such statements are not specifically identified as such . These statements may include terminology s
Slide 3: Negative Rating Agency Feedback for Merger with AXIS
3 Negative Rating Agency Feedback for Merger with AXIS “A.M. Best has placed under review with negative implications the financial strength rating of A+ and the issuer credit ratings of Partner Reinsurance Company Ltd and its affiliates following the announcement that PartnerRe Ltd and AXIS Capital
Slide 4: S&P Affirmed EXOR BBB+ Credit Ratings After Proposed Acquisition of PartnerRe
4 S&P A ffirmed EXOR “BBB+” Credit Ratings After Proposed Acquisition of PartnerRe “ EXOR has a track record of prudent leverage, and a limited tolerance for net debt at the holding company level. ” “ We view EXOR’s management and governance as “strong” under our criteria. EXOR’s track record of con
Slide 5: EXOR a Superior Business Operator than AXIS
5 0 1 2 3 4 5 6 7 8 Mar-09 Aug-09 Jan-10 Jun-10 Nov-10 Apr-11 Sep-11 Feb-12 Jul-12 Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 EXOR a Superior Business Operator than AXIS EXOR and AXIS Share Price Performance * (base=100) EXOR performance: 7.3x the money Beat the S&P500 Index AXIS performance:
PartnerRe — Proxy Contest (June 2015) on 6ix