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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2015
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | Amendments to the Amalgamation Agreement On July 15, 2015, AXIS and PartnerRe further amended the Amalgamation Agreement to increase the one-time special cash dividend to $17.50 per share. In addition, the agreement was amended to allow the Amalgamated Company to commence an exchange offer, immediately prior to the consummation of the Amalgamation, pursuant to which PartnerRe preferred shareholders would receive newly issued preferred shares of the Amalgamated Company reflecting an increase in the current dividend rate applicable to the relevant series of PartnerRe preferred shares of 1 00 basis points and to extend the redemption period date to the later of (a) the fifth anniversary of the date of issuance and (b) January 1, 2021, subject to receiving a favorable ruling from the Internal Revenue Service on the tax status of the exchange offer.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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