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The carrier is expecting claims to more than double from the year-ago period.
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The specialty insurer reported increased operating earnings that beat expectations but showed unprofitable accident year underwriting.
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Expectations are elevated. Will management commentary on pricing meet increased optimism? -
The carrier points to a $16bn industry-wide Jebi loss and $12bn in Michael claims.
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The firm cuts its earnings forecasts for parent Swiss Re.
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The Citibank-run sale process attracted interest from The Hanover.
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A significant increase in demand is being met by constrained supply at current pricing levels.
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Firmly a sellers' market - but the devil is in the detail.
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The Japanese carrier says loss derives mainly from an appreciation in the value of the yen since TMR’s launch in 2000.
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The group’s international division benefited from a decline in losses from natural catastrophes but was $681mn worse off from a tax perspective.
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PartnerRe reported a net profit of $497mn for the first quarter of 2019 after generating a net investment return of $600mn during the period.
