The coronavirus pandemic sank its second-biggest corporate deal of the year—the proposed $9 billion sale of a reinsurance business by Exor NV, the holding company of Italy’s Agnelli family, which controls Fiat Chrysler Automobiles NV. French insurer Covéa Coopérations agreed to buy the reinsurer, PartnerRe, from Exor in early March. When the two sides announced the deal, the coronavirus was just beginning to spread in Europe.

Source: Wall Street Journal May 12, 2020 20:29 UTC