Everest Re has reported a net third-quarter loss of $417.7m, compared with a profit of $11.5m for the third quarter of 2004.
The company blamed its loss mainly on pre-tax catastrophe losses of $784.6m, including $652.7m related to Hurricane Katrina. It recorded a combined ratio of 162.2% for the quarter, compared with 108.5% in the prior year period.
Premiums earned were down 15.8% for the quarter to $1.14bn, Everest Re reported.
For the first nine months of 2005 Everest Re posted a loss of $56.5m, compared with a 2004 profit of $401.5m during the same period. Premiums earned for the nine months were $3.06bn, down 4.4%.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
