Informa Insurance News 24
NEWS IN BRIEF
Bermuda-based reinsurer Everest Re Group...
has posted 2004 net income of $494.9m, an increase of 16%, on earned premiums of $4.42bn, up 18%. With what CEO Joseph Taranto deemed “unusually high catastrophe losses”, the group’s combined ratio deteriorated to 98.8% from 95.2%, but it still attained a return on equity of 13.5% and capital growth of 29.4%.