NU Online News Service, July 29, 12:48 p.m. EDT
Bermuda-based reinsurer, Everest Re Group Ltd. reported a 42.5 percent drop in 2010 second quarter net income, while also announcing that Chief Executive Officer Joseph V. Taranto will retire as of Dec. 31.
Ralph Jones, president and chief operating officer, will succeed Mr. Taranto, the company said.
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