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International

Everest Re posts net loss of nearly $640 million due to hurricanes, quakes

October 31, 2017 Reprints

Bermuda-based reinsurer Everest Re Group Ltd. recorded a net loss of nearly $640 million in the third quarter driven by the recent hurricanes and earthquakes, The Royal Gazette reported. Everest Re reported a profit of more than $295 million in the third quarter of 2016. Hurricanes Harvey, Irma and Maria and the Mexico City earthquake caused a net loss of nearly $898 million.

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Everest Re posts net loss of nearly $640 million due to hurricanes, quakes

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