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The remediation process is on track for completion in the fourth quarter. -
The CUO described the pricing dynamics in the line as “strong and good”.
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The executive also addressed the impact of the US tariffs.
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The carrier reported a 3% price reduction across London market business.
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The carrier estimated its California wildfire loss at $145mn-$165mn.
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The quarter’s performance was also affected by the Washington, DC aviation disaster.
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The Bermudian reported net pre-tax cat losses of $49mn, with $32mn attributable to the California wildfires.
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PartnerRe’s non-life division reported a Q4 underwriting result of $21mn, recovering from a loss of $188mn in the prior-year period.
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The group reported “robust” growth in property reinsurance premium.
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The group reported a 19.1% return on opening adjusted tangible book.
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Cyber and property experienced the largest price reductions.
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The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
