Everest’s $323mn underwriting loss on cats overshadows underlying gain
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Everest’s $323mn underwriting loss on cats overshadows underlying gain

James Thaler
28 October 2021
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DONT USE OLD DONT USE

Everest Re dropped to a $323mn underwriting loss in the third quarter, as the company recorded $635mn in catastrophe losses that outweighed a strong underlying performance.

The reinsurer fell to a $53mn operating loss overall, after generating a $97mn operating profit last year. The result, disclosed on Wednesday evening, amounted to a $1.34

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