# C_2015145EN.01001401.xml

| 1.5.2015 | EN | Official Journal of the European Union | C 145/14 |
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1.5.2015

EN

Official Journal of the European Union

C 145/14

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Prior notification of a concentration

(Case M.7561 — PartnerRe Ltd/AXIS Capital Holdings Limited)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 145/08)

| 1. | On 24 April 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which PartnerRe Ltd (‘PRE’, Bermuda) enters into a full merger within the meaning of Article 3(1)(a) of the Merger Regulation with AXIS Capital Holdings Limited (‘AXIS’, Bermuda). |
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1.

On 24 April 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which PartnerRe Ltd (‘PRE’, Bermuda) enters into a full merger within the meaning of Article 3(1)(a) of the Merger Regulation with AXIS Capital Holdings Limited (‘AXIS’, Bermuda).

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| 2. | The business activities of the undertakings concerned are:
  —   PRE: a global reinsurance company listed on the New York Stock Exchange, predominantly providing resinsurance and, to a limited extent, certain speciality insurance products,
  —   AXIS: a global provider of insurance and reinsurance listed on the New York Stock Exchange. |
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2.

The business activities of the undertakings concerned are:

—   PRE: a global reinsurance company listed on the New York Stock Exchange, predominantly providing resinsurance and, to a limited extent, certain speciality insurance products,

PRE

—   AXIS: a global provider of insurance and reinsurance listed on the New York Stock Exchange.

AXIS

| 3. | The transaction results in horizontal overlaps in the global reinsurance market and, to a limited extent, in the EEA direct insurance market as well in the market for insurance distribution. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice. |
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3.

The transaction results in horizontal overlaps in the global reinsurance market and, to a limited extent, in the EEA direct insurance market as well in the market for insurance distribution. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7561 — PartnerRe Ltd/AXIS Capital Holdings Limited, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7561 — PartnerRe Ltd/AXIS Capital Holdings Limited, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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