PartnerRe blames winter storms for Q1 loss despite positive price hikes

Bermuda-based reinsurer PartnerRe reported a loss in the first quarter of 2021. The loss was smaller than the losses for the same period in 2020, and Jacques Bonneau, PartnerRe’s president and chief executive officer, said that severe winter storms in Q1 masked the extent of the underwriting improvements it has made.