 |
March 13, 2009 |
|
|
|
 |
ASBESTOS LITIGATION: PartnerRe Has $82.5M A&E Reserve at Dec. 31 PartnerRe Ltd.'s net reserve for unpaid losses and loss expenses at Dec. 31, 2008 included US$82.5 million that represents estimates of its net ultimate liability for asbestos and environmental claims. The Company's net reserve for unpaid losses and loss expenses at Dec. 31, 2007 included US$87.7 million that represents estimates of its net ultimate liability for A&E claims. The gross liability for those claims at Dec. 31, 2008 was US$92.2 million, of which US$85.6 million relate to U.S. casualty exposures arising from business written by PartnerRe SA and PartnerRe U.S. The gross liability for those claims at Dec. 31, 2007 was US$97.8 million, of which US$89.1 million relate to U.S. casualty exposures arising from business written by PartnerRe SA and PartnerRe U.S. Headquartered in Pembroke, Bermuda, PartnerRe Ltd. is an international reinsurance group that provides reinsurance through its wholly owned subsidiaries, Partner Reinsurance Company Ltd., Partner Reinsurance Europe Limited and Partner Reinsurance Company of the U.S. The Company also offers alternative risk products that include weather and credit protection to financial, industrial and service companies. |
|
|
||
| return to main page | ||
|
Lloyd's Asbestos Litigation Reporter
is a weekly newsletter distributed every Friday co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and
Beard Group, Inc., Frederick, Maryland, USA.
Copyright 2008. All rights reserved. ISSN: 1945-4694.
This material is copyrighted and any commercial use, resale or publication
in any form (including e-mail forwarding, electronic re-mailing and photocopying)
is strictly prohibited without prior written permission of the publishers.
Information contained herein is obtained from sources believed to be reliable,
but is not guaranteed.
The Lloyd's Asbestos Litigation Reporter subscription rate is $575 for six months delivered via e-mail.
Additional e-mail subscriptions for members of the same firm
for the term of the initial subscription or balance thereof, are $25 each.
For subscription information, contact Christopher Beard at 240/629-3300 ext 1.