PartnerRe Ltd. yesterday estimated the total net impact of Hurricanes Katrina and Rita and flooding in Central Europe between $560-$590 million on a pre-tax basis.

The estimate includes claims of between $470-$490 million relating to Hurricane Katrina, estimated claims of between $30-$35 million relating to Hurricane Rita, and estimated claims of between $60-$65 million for the flooding in Central Europe, the company said.

Total shareholders? equity at September 30, 2005 will be between $3.030 billion and $3.100 billion representing a decline of between 11 and 13 percent from the $3.482 billion reported at June 30, 2005, the company said. Total shareholders? equity at December 31, 2004 was $3.352 billion, and at September 30, 2004 was $2.821 billion.

The Bermuda-based company continues to review its catastrophe loss estimates, which face substantial uncertainty created by complex coverage issues and potential legal and regulatory issues related to Katrina. The Company will release third quarter earnings on Monday, October 24.

Partner Re closed at $63.11 a share yesterday, down 94 cents or 1.47 percent on the New York Stock Exchange.