Everest Q3 UW gain falls 10% as cat losses jump and core LR improves 50bps
Everest Group’s Q3 underwriting gain fell by 10 percent to $272mn from $301mn, driven by cat losses that jumped by 77 percent to $310m from $175mn, overshadowing a 50 basis point (bps) improvement in the firm’s consolidated attritional loss ratio to 58.5 percent.