PartnerRe Ltd has announced that its loss estimate for the floods in Australia is expected to be between $25 million to $35 million, pre-tax.The company will record the charge for the event in its fourth quarter 2010 results and losses are expected to be contained within its catastrophe, global (non-US) property and casualty and global (non-US) specialty sub-segments.In addition, as a result of the significant number of losses that occurred in Australia and New Zealand during 2010, PartnerRe also expects that an aggregate cover it wrote will incur a charge of $45 million, pre-tax, which will be recorded in its fourth quarter 2010 results. The loss will be recorded within the company’s catastrophe sub-segment.Large areas of Australia continue to experience flooding and the company expects these floods will cause a separate event or events that will affect first quarter 2011 results.The company is currently assessing its exposure to the January 2011 event or events and will provide an estimate of the total impact of the flooding in Australia when the assessment is completed.Its loss estimates are net of reinstatement premium and retrocession.