Everest Re profits nosedive 71% in Q4 but remains 'resilient'

Bermuda-based Everest Re's profits more than halved in both the fourth quarter and full-year of 2020, driven by catastrophe and pandemic-related losses in both insurance and reinsurance segments. Its chief executive Juan Andrade, however, insisted the business remains resilient and enters 2021 with "great momentum".

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Everest Re, 2020 Results, Q4, insurance, Reinsurance, Juan Andrade, Bermuda

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Everest Re profits nosedive 71% in Q4 but remains 'resilient'

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