PartnerRe Says Thailand Flooding Cost $120 Million in Quarter

PartnerRe Ltd., 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.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE