Axis and Everest Re deficient on reserves: Deutsche Bank
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Axis and Everest Re deficient on reserves: Deutsche Bank

Deutsche Bank analyst Joshua Shanker has questioned the reserve adequacy of Bermudian (re)insurers Axis and Everest Re. 

In a note to clients Wednesday, Shanker cited the dramatic acceleration of Everest Re’s paid losses as a percentage of ultimate incurred losses last year, as well as the lack...

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