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Everest Re 2010 Second Quarter Results
Bermuda-based Everest Re Group Ltd. reported second quarter 2010 after-tax operating income which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per diluted common share, in the second quarter of 2009. Net income, including net realized... Read more of this article
Everest Re Dips to 1st Q Loss on Chile Quake
Bermuda-based Everest Re Group Ltd. reported a net loss of $22.7 million after the reinsurer was hit by losses tied to the Chile earthquake and European windstorm. Catastrophe losses were a record $275.6 million, after the company warned last month it expected losses exceeding $200 million from the Chile quake and the European windstorm Xynthia. Everest... Read more of this article
Chile Quake: Everest Expect $225 Million Loss
Bermuda reinsurer Everest Re Group Ltd said it expects losses of approximately $225 million related to the recent earthquake in Chile. The powerful February 27 earthquake left hundreds dead, many more missing and caused catastrophic damage. Rated a magnitude of 8.8, it is the seventh largest earthquake by magnitude, exceeding the earthquake in Haiti... Read more of this article
