PartnerRe faces $475m nat cat loss in Q3

PartnerRe said on Oct. 5 that it expects combined catastrophe losses of approximately $475 million from its exposure to hurricanes Harvey, Irma and Maria for the third quarter of 2017.

The loss is pre-tax, net of retrocession and reinstatement premiums.

The company’s estimate of losses for these events is based on a preliminary analysis of its exposures — a current assumption of total insured industry losses and preliminary information received from certain cedants to date.

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