7 February 2012 News

PartnerRe reports net loss of $520.3 million for 2011

PartnerRe has reported a net loss of $520.3 million for 2011, in comparison with a net profit of $852.6 million in 2010.

The company’s chief executive officer and president, Costas Miranthis said that 2011 had been ‘a very challenging year.’

“The industry experienced a number of significant catastrophe events during the year, and as a leading global catastrophe reinsurer, we were impacted by these events,” he says.

“While the 2011 catastrophic events resulted in a significant operating loss for PartnerRe, our strong capital base enabled us to withstand this series of catastrophe losses.”

Miranthis said that with total capital in excess of $7 billion, PartnerRe are well-positioned to benefit from ‘opportunities as the reinsurance market improves.’


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2 August 2023   Reinsurer bounces back from a $1bn loss of last year to post a solid profit in H1 2023.
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12 June 2023   The appointee was most recently head of worldwide pricing and analytics.

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