NU Online News Service, Oct. 27, 1:47 p.m. EDT
Two Bermuda-based insurers say catastrophes hurt their third-quarter earnings, with Everest Re reporting a 64 percent drop in net income and Montpelier Re posting a net loss.
Hamilton, Bermuda-based Everest Re says third-quarter net income dropped by $111 million to $63 million. Total revenues were down 13 percent, or $153 million, to $1.02 billion.
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