While Everest Re Group reported only a 2.2 percent jump in net written premiums in its second-quarter earnings report, an analyst and the group's chief executive saw some positive signs about the market buried beneath the meager growth figure.
In particular, Analyst William Wilt of New York-based Morgan Stanley, highlighted 18 percent premium growth in Everest's U.S. reinsurance book, contrasting it with declines reported by other reinsurers.
"That market is proving to be a more reasonable market than I would have guessed," said Everest Chairman and Chief Executive Officer, Joseph V. Taranto, during a conference call this morning.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
