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31 October 2024Reinsurance

Everest faces up to $400m losses from Milton, 64% rise in Q3 cats

Everest Group will likely book pre-tax catastrophe losses of $300 to $400 million due to Hurricane Milton in Q4. This follows a third quarter in which nat cats were already up 64% year-on-year, in part due to a $63 million hit from Hurricane Helene.

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