Everest Re profits nosedive 95% in Q1 but remains 'resilient'

07-05-2020

Everest Re profits nosedive 95% in Q1 but remains 'resilient'

Juan Andrade, president and ceo, Everest Re

Bermuda-based global re/insurer Everest Re Group saw a 95 percent decline in its profits in the first quarter of 2020, mainly attributed to losses related to COVID-19. Despite the impacts of the pandemic, the company still managed to deliver a small profit.


Everest Re, Q1, 2020 results, Insurance, Reinsurance, Coronavirus, Juan Andrade, Bermuda

Intelligent Insurer