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.

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