PartnerRe

PartnerRe announced last month that a portion of their losses due to the Tohoku earthquake and tsunami disaster in Japan would be due to insurance-linked securities. At the time we wrote that it was likely that they had an investment in the Muteki Ltd. cat bond (which is expected to be a total loss). Now […]

Bermudian reinsurer PartnerRe Ltd. has provided an initial estimate for the scale of losses it believes it will face due to the earthquake and tsunami on 11th March in Japan. They believe that the total net impact of these events will be approximately $500m, primarily in their catastrophe business.