Everest: $392mn casualty reserves ‘close the book’ on soft-year losses
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Everest: $392mn casualty reserves ‘close the book’ on soft-year losses

The carrier said it has acted prudently on 2016-19 GL loss trends.

By Rachel Dalton
February 08, 2024
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Everest Group’s decision to take a $392mn reserve charge in Q4 in relation to its casualty insurance portfolio will “close the book” on 2016-19 losses, according to the company’s CFO.

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Topics

NewsCasualty/GLResultsEverestEarnings
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