Everest’s $323mn underwriting loss on cats overshadows strong underlying gain
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Everest’s $323mn underwriting loss on cats overshadows strong underlying gain

James Thaler
27 October 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
DONT USE OLD DONT USE

Everest Re reported an underwriting loss of $323.4mn in Q3, reflecting the impacts of $635mn in catastrophe losses, including Hurricane Ida and the Bernd European floods, net of recoveries and reinstatement premiums.

The firms’ combined ratio of 112.2% included 26.2 points of catastrophe losses, versus 14.0 points in Q3 2020. 

The catastrophe loss had more than doubled from $300mn in Q3 2020, with the impact on the CR also more than doubling.

The...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsEverest Re
JT
James Thaler
Gift this article