Tuesday, February 1, 2011

UPDATE 1-PartnerRe sees Australia floods hurting Q4 results

Mon Jan 31, 2011 5:10pm EST


* Estimates loss of $25-$35 mln from Australia floods

* Expects another Q4 charge of $45 mlnJan 31 (Reuters) - Reinsurer PartnerRe (PRE.N) said it
expects to record a pre-tax loss of $25-$35 million in the
fourth quarter from the recent flooding in Australia. The company also expects to incur a charge of $45 million
on an aggregate cover it wrote due to the significant number of
losses that occurred in Australia and New Zealand

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