Bermuda-based reinsurer Everest Re Group has revealed its quarterly profit doubled, helped by higher premium rates.
Everest reported a second-quarter profit of $109.6m (£68m), up from $53.4m (£33m) a year ago.
Net premiums written in the quarter rose 65% to $988m (£617m) helped by charging higher rates.
The reinsurer revealed it plans to deliver a $1.94 (£1.20) a share dividend for the quarter.
