PartnerRe swings back to $4mn non-life UW profit, despite $297mn in cat losses
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PartnerRe swings back to $4mn non-life UW profit, despite $297mn in cat losses

Jairo Ibarra
09 November 2021
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PartnerRe’s non-life business returned to underwriting profit in Q3, recording a $4mn gain that was an improvement from the $20mn loss a year earlier, as top line growth and premium adjustments helped to offset cat losses in the period.

The Bermudian reinsurer grew non-life net written premiums by 14% to $1.5bn, but reported $188mn losses attributed to Hurricane Ida and $60mn from floods that hit central Europe last summer.

PartnerRe’s

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Jairo Ibarra
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