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International

PartnerRe reports net loss of $66 million

May 13, 2021 Reprints

Bermuda-based reinsurer PartnerRe Ltd. reported $66 million in net loss for the first quarter, driven by losses from U.S. winter storm Uri and $344 million of net unrealized losses on fixed maturities, The Royal Gazette reported. The reinsurer saw $104 million in net losses from storm Uri. Net premiums written reached $2.04 billion, reflecting a 9% year-on-year growth.

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PartnerRe reports net loss of $66 million

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