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 aludtke@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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