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PartnerRe expected to win more business
27 October 2009
PartnerRe reported Monday higher quarterly profits, driven by a benign catastrophe experience in the third-quarter of 2009, beating analyst expectation.
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[PartnerRe]
PartnerRe reported Monday higher quarterly profits, driven by a benign catastrophe experience in the third-quarter of 2009, beating analyst expectation.
The Bermudian reinsurer swung back into profit for the third quarter of 2009 after posting net income of $566.7m, compared to a loss of $151.7m for the same period last year.
Net premiums written rose to $891.5m, while revenues for the quarter increased to $1.6bn from $896.6m. The firm’s non-life business showed a slight increase in premiums written to $733m. However, Patrick Thiele,...
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