NU Online News Service, Nov. 2, 3:55 p.m. EDT

Net income was down for two reinsurers reporting 2010 third-quarter results, while profit for a specialty lines insurance and treaty reinsurance company returned to the black.

Everest Re Group Ltd. of Hamilton, Bermuda, said its net income for the quarter was $174.2 million compared to $228.6 million during the same quarter a year ago.

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