PartnerRe’s non-life Q3 CoR climbs to 106.9%, driven by $300mn Ian loss
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PartnerRe’s non-life Q3 CoR climbs to 106.9%, driven by $300mn Ian loss

Jairo Ibarra
09 November 2022
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Covéa-owned Bermudian reinsurer PartnerRe swung to an underwriting loss in Q3, after a $300mn net loss related to Hurricane Ian pushed its combined ratio up 7.1 points year-on-year to 106.9%.

Overall, the carrier posted $408mn of cat and man-made losses in Q3 – up from $333mn a year earlier, of which $297mn related to Hurricane Ida and the European floods.

PartnerRe’s

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Jairo Ibarra
Senior Reporter
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