PartnerRe Says Thailand Flooding Cost $120 Million in Quarter

PartnerRe Ltd. (PRE), the reinsurer that acquired Paris Re Holdings Ltd., said flooding in Thailand cost the company about $120 million before tax in the fourth quarter.

Industrywide losses may exceed $15 billion, the Bermuda- based company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Andrea Ludtke in New York at

To contact the editor responsible for this story: Dan Kraut at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.