Everest Re expects $730 million in catastrophe losses
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Everest Re Group Ltd. said Wednesday it expects to report $600 million in pre-tax losses from Hurricane Ian and $130 million in other catastrophe losses for the third quarter.
The Bermuda-based insurer and reinsurer said Ian caused $500 million in reinsurance losses and $100 million in insurance losses for the company.
Other global catastrophes caused $120 million in reinsurance losses and $10 million in insurance losses, an Everest Re statement said.
