PartnerRe reports $66mn Q1 net loss, takes $104mn hit from Uri claims
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PartnerRe reports $66mn Q1 net loss, takes $104mn hit from Uri claims

John Hewitt Jones
May 11, 2021
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PartnerRe logo Bermuda new.jpg

PartnerRe recorded a net loss of $66mn for the first quarter of 2021, which the carrier said was driven by mark-to-market volatility on its fixed maturity investments.

The reinsurer reported $344mn in net unrealized losses from the change in value of the fixed maturities, which was partially offset by $83mn of unrealized gains on private equities and $107mn of net unrealized gains on equities and other...

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