Everest Q2 LR falls 4 points as lower cat losses offset higher insurance LR
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Everest Q2 LR falls 4 points as lower cat losses offset higher insurance LR

Jairo Ibarra
26 July 2023
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Everest Group’s Q2 loss ratio improved 4 points to 60.3% as the carrier benefited from improved reinsurance results and lower catastrophe losses that outweighed higher losses in the insurance division.

Everest recorded net pre-tax $27mn cat losses in Q2 – all in its reinsurance division – down from $80mn a year ago as the segment benefited from $30mn of catastrophe bond recoveries related to Hurricane Ian.

Everest’s

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Jairo Ibarra
Senior Reporter
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