Everest Re’s CoR falls 4.1 points, driven by $110mn cat loss reduction

08 February 2023

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Everest Re’s combined ratio for Q4 2022 improved 4.1 points to 87.8%, largely driven by a $110mn reduction year-on-year on its pre-tax catastrophe losses.

The Bermudian reported $15mn of pre-tax cat losses for the quarter, attributing them to Winter Storm Elliott. This compares to the $125mn in cat losses it reported for Q4 2021.

The

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Everest Re’s CoR falls 4.1 points, driven by $110mn cat loss reduction

Everest Re’s combined ratio for Q4 2022 improved 4.1 points to 87.8%, largely driven by a $110mn reduction year-on-year on its pre-tax catastrophe losses.

Fuel a smarter strategy with our actionable market intelligence

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Everest Re’s CoR falls 4.1 points, driven by $110mn cat loss reduction

Everest Re’s combined ratio for Q4 2022 improved 4.1 points to 87.8%, largely driven by a $110mn reduction year-on-year on its pre-tax catastrophe losses.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn