PartnerRe forecasts $60mn-$90mn Q3 loss after HIM

PartnerRe is expecting a Q3 loss of $60mn-$90mn, following an
expected $475mn hit from hurricanes Harvey, Irma and Maria.
The Bermudian reinsurer gave the profit warning in an investor
presentation for its parent company Exor. The estimated Q3 loss is
equivalent to 1-1.5 percent of common equity.
Yesterday, the reinsurer had estimatedpre-tax net losses in the third quarter from the three storms
of $475mn, net of reinstatement premiums.The firm said the range of expected losses from the Q3...