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Bermuda-headquartered reinsurer PartnerRe improved its underwriting result and combined ratio but its net loss for the first quarter increased more than eight times on the prior year period. Management blamed “mark-to-market investment losses on fixed maturities” as the sole driver for the loss but showed optimism in “attractive” rates particularly in casualty and professional lines.
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PartnerRe, Q1, Losses, Rates, Casualty, Professional Lines, Jacques Bonneau, Bermuda, Reinsurance, Insurance
