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GLRE - Everest Re Cedes More Premium On Cat Losses As Growth Continues
Greenlight Reinsurance Ltd.
Everest Re has reported 25% growth in gross written premiums in Q3 2021.
Given the scale of catastrophe losses suffered in Q3, it’s no surprise that Everest Re ceded more of its gross premiums during the period.
While this growth continues, managing the catastrophe exposure using third-party capital and retrocession may only become more important for the company.