PartnerRe Ltd. has increased its estimate of claims from Hurricane Ike by $115 million to a total estimate of approximately $305 million, pre-tax and after reinstatement premiums.PartnerRe’s third quarter 2008 results included claims from Ike of $190 million, pre-tax and net of reinstatement premiums. The increase is the result of new information from clients reflecting larger losses than initial notifications.
The increases are primarily concentrated in the Marine line in the Global (non-U.S.) Specialty sub-segment, and per risk treaties in the U.S. sub-segment, with a more modest increase in the Catastrophe sub-segment.
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