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Bermuda energy insurer reports net loss of over $776 million

Posted On: Mar. 29, 2023 9:12 AM CST

Bermuda-based energy insurer Everen Ltd. has posted a net loss of $776.7 million in 2022, compared to a net profit of $667.5 million in 2021, The Royal Gazette reported. The negative results were the result of  $524.8 million in net investment losses and $229.2 million in net underwriting losses.