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Stock Market & Financial Investment News

News Breaks
January 11, 2013
16:07 EDTREEverest Re establishes catastrophe reinsurer Mt. Logan Re
Everest Re Group announced the formation of Mt. Logan Re, a new Bermuda domiciled special purpose reinsurer, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. Everest Re will provide initial funding of $50M to Mt. Logan Re with additional funding secured from third party investors to reach an initial target capacity of $250M.
News For RE From The Last 14 Days
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July 27, 2015
16:14 EDTREEverest Re reports Q2 EPS ex-items $5.03 consensus $5.67
Reports Q2 revenue $1.44B, consensus $1.33B. Gross written premiums decreased 11% to $1.3B compared to Q2 of 2014. The combined ratio for the quarter was 86.3% compared to 84.7% in the Q2 of 2014. Book value per share increased 5% from $166.75 at December 31, 2014 to $174.84 at June 30.

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