PartnerRe Reports Q2 Net Loss due to Investment Declines

Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million in the second quarter, driven by investment losses. During the same period a year ago, PartnerRe reported net income of $176.1 million. Net premiums written for the quarter increased 15% to $1.3 billion primarily due to new business in the North American sub-segment. To a lesser extent, the inclusion of Presidios business in the life and health segment, and new business in the global property and casualty sub-segment also had an impact.The non-life combined ratio was 97.8%.President and Chief Executive Officer Costas Miranthis ...