Axis termination fee sends PartnerRe to net loss

PartnerRe fell to a net loss of $243.3mn as its third quarter
numbers were impacted by the $315.0mn termination fee and expenses
it paid in relation to its proposed merger with Axis and realized
and unrealized investment losses of $121.8mn.
Operating profits were broadly stable, however, at $211.6mn,
compared to $226.7mn in Q3 2014, as interim CEO David Zwiener
pointed to strong underlying results.
Indeed the reinsurer, which is being bought by Exor, reported a
non-life combined ratio that impro