Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

ILS losses 5pc of PartnerRe’s $1bn Q1 hit

3 May 2011

Bermudian reinsurer PartnerRe reported a $49mn loss on its insurance-linked securities portfolio as part of more than $1bn in cat losses it took during the first quarter of 2011.

The losses dragged the firm to an $807mn net loss for the quarter after recording a $80mn profit for the same period last year.

This follows an earlier announcement that its estimated Japan earthquake loss was being raised by almost 50 percent to $730mn after a higher-than-anticipated loss on the giant...


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