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|Everest Announces Estimated Fourth Quarter 2018 Catastrophe Losses|
The catastrophe losses were related to the fourth quarter 2018 events of
Hurricane Michael which impacted
Commenting on the losses, Dom Addesso, the Company’s President and Chief
Executive Officer, said: “These losses reflect another year in which
there has been an extraordinary level of industry catastrophes and are
reflective of our market share. With
This news release contains forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of the Company. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market fluctuations, trends in insured and paid losses, catastrophes, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
Everest Re Group, Ltd.