PartnerRe sells New York unit in streamlining drive

PartnerRe has agreed to sell PartnerRe Insurance Company of New
York (PRNY) to Employers Group, as it continues to tidy its
portfolio following its takeover by Agnelli family-controlled
investment company Exorin March 2016.
Reno, Nevada-based Employers Group agreed to pay a price equal
to PRNY's statutory capital at closing plus $5.8mn, and will
assume its liabilities at that time, PartnerRe and Employers said
in regulatory filings. The deal does not include any ongoing
operations.
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