Insurance Day
Interest rate spike hits PartnerRe Q2
Bermudian reinsurer PartnerRe has reported a loss of $175.6m for the second quarter, on net premiums earned up 11% to $1.2bn,
after taking a $230.0m after-tax realized and unrealized hit on investments. This compares with a gain of $176.1m for the
same period last year. Operating earnings for Q2 were $51.1m, down from $142.0m in Q2 2012.