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Partner Re

News analysis: H1 reinsurer results slump

Bermudan reinsurers recorded huge drops in profits following heavy claims from the catastrophes experienced in the first half of the year, though elsewhere some reinsurers fared better, writes Katherine Blackler.

PartnerRe income plummets

PartnerRe reported net income of $190.9m, or $2.31 per share on a fully diluted basis for the second quarter of 2010. Net income for the second quarter of 2009 was $474.3m.

PartnerRe appoints new chairman

PartnerRe announced that following his re-election as a director, Jean-Paul Montupet has been named as chairman of its board. Mr Montupet replaces John Rollwagen, who was also re-elected as a director and will remain a member of the board.

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