PartnerRe reports net loss of $66 million
Posted On: May. 13, 2021 9:35 AM CSTBermuda-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.