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International

Positive reserve moves take edge off cat losses for PartnerRe

November 17, 2017 Reprints

Bermuda-based insurer and reinsurer PartnerRe Ltd. recorded a net loss of $84 million in the third quarter due to the recent catastrophes, The Royal Gazette reported. PartnerRe paid out more than $472 million in claims related to storms and earthquakes. The reinsurer benefited from $187 million in favorable reserve development, which softened the impact of storm and earthquake claims on its bottom line.

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Positive reserve moves take edge off cat losses for PartnerRe

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