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AXIS Capital Agrees to Terminate Merger with PartnerRe and Receives $315 Million Breakup Fee

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PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), a leading specialty insurer and reinsurer, today announced that it has accepted a request from PartnerRe Ltd. (“PartnerRe”) (NYSE: PRE) to terminate the amalgamation agreement with AXIS Capital. PartnerRe will pay AXIS Capital a $315 million fee to immediately terminate the amalgamation agreement, which was originally entered into by both companies on January 25, 2015. The special meeting of AXIS Capi

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