Everest Estimate 2021 Q3 Catastrophe Losses
Everest Re Group Ltd. announced preliminary third quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on October 27, 2021.
A spokesperson said, “Everest is estimating total pre-tax net catastrophe losses of $635 million for the third quarter 2021 as detailed in the table below.
- All amounts are net of recoveries and reinstatement premiums
- For Hurricane Ida, Everest is estimating insured industry losses of approximately $28-$30 billion
- For the July European floods, Everest is estimating insured industry losses of approximately $12 billion
“The widespread impact of natural catastrophes in the third quarter has affected communities around the world,” said Juan C. Andrade, President and CEO of Everest Re Group. “Our thoughts are with all of those affected, and we stand ready to help our customers and communities as they rebuild, recover and emerge even stronger.”
