Everest Re estimates Q3 cat loss at $635mn
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Everest Re estimates Q3 cat loss at $635mn

Liz Bury
14 October 2021
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Everest Re has pegged its Q3 estimated catastrophe loss at $635mn on a pre-tax basis, consisting of $415mn Hurricane Ida claims and $220mn Storm Bernd flood losses.

The figure represented 6.1% of the (re)insurer’s shareholders’ equity as of 30 June. This was lower than RenaissanceRe’s estimated cat loss hit of $725mn released earlier this week, which equated to 10% of shareholders’ equity and came in ahead...

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