PartnerRe: Opportunities Ahead After Loss

It is business as usual at PartnerRe in spite of having to report a Katrina-impacted bottom line net loss of $288.7 million, the Bermuda-based ...

By Susanne Sclafane | Updated on March 11, 2005

It is business as usual at PartnerRe in spite of having to report a Katrina-impacted bottom line net loss of $288.7 million, the Bermuda-based company’s chief executive suggested during a conference call this morning.

Patrick Thiele, the company’s CEO, said that PartnerRe’s Katrina losses, estimated at $510 million, represents roughly 2 percent of his company’s estimate of industry reinsurance losses–”consistent with our share of global reinsurance market capital.”

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