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Bermudian reinsurer PartnerRe's ILS losses have mounted to $54mn for the first nine months of 2011, making up just under 4 percent of its total $1.403bn catastrophe losses for the period.

The firm's ILS losses have crept up six percent from $51mn at the half-year result, with the earlier losses believed to relate to holdings of Muteki that paid out on the Japanese earthquake.

The further losses suggest PartnerRe's portfolio included one of the Mariah Re bonds, which have taken...

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