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3 Bermuda Reinsurers Weather Sandy; Post Profit

Three Bermuda-based reinsurersEverest Re, RenaissanceRe and PartnerReposted positive fourth- quarter and year- end results despite losses from Superstorm Sandy.

By Mark E. Ruquet | Updated on February 08, 2013

Three Bermuda-based reinsurers—Everest Re, RenaissanceRe and PartnerRe—posted positive fourth-quarter and year-end results despite losses from Superstorm Sandy.

Of the three, PartnerRe Ltd. reported the strongest gains, turning a 2011 fourth-quarter $18 million net loss into net income of $112 million for the same period in 2012.

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