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RE - Everest Re reports $260M prelim catastrophe losses in Q1
Everest Re Group Ltd.
For its Q1, Everest Re (RE) reports prelim catastrophe losses of $213M and $47M in reinsurance and insurance segment respectively.For the Texas winter storms Everest is estimating insured industry losses of ~$15B.The company has not added to its Covid-19 Pandemic loss provision; until date, its total pandemic loss provision is $511M (of which ~80% remains as IBNR).Shares trading 0.12% down post market.