Bloomberg – The Agnelli family’s Exor SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover.
Exor is shunning the idea that it should take on more risk in PartnerRe Ltd.’s investment portfolio after making an unsolicited buyout offer for the Bermuda-based company. That contrasts with the approach of money managers like David Einhorn, Dan Loeb and John Paulson who moved into reinsurance to gain access to assets that can be invested using their hedge-fund strategies.
