Everest Re expects $240m Q3 cat loss
Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.
The estimate includes third quarter 2018 losses from Hurricane Florence, California wildfires, Typhoon Jebi, Typhoon Trami and Japan floods.
"Everest's priority is supporting the needs of our clients and business partners; delivering when it matters most,” CEO Dom Addesso said. “Due to our diversified reinsurance and insurance portfolios, we expect to report a breakeven underwriting result and an operating profit for the third quarter," Addesso added.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
AIG expects up to $1.7bn cat loss for Q3
Ex-DARAG CEO unveils new carrier backed by Munich Re
Aon forms new ventures group, appoints CIO and leadership team
New Nordic’s Danish subsidiary Qudos suspends underwriting amid restructuring
Insurtech OnRisk partners with MGA startup on P&C structuring platform
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze