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International

Everest Re in red with net loss of $73.5 million

October 29, 2021 Reprints

Bermuda-based reinsurer Everest Re Group Ltd. posted a net loss of $73.5 million in the third quarter of the year versus a net income of $243 million in the year-ago comparable period, Reinsurance News reported. The reinsurer saw an underwriting loss of $323.4 million, driven by claims from the European summer floods and Hurricane Ida in the U.S. Meanwhile, reinsurance premiums increased 19% year-over-year to $2.5 billion.

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Everest Re in red with net loss of $73.5 million

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