Everest Re Group Ltd. (RE)

Everest Re Group, Ltd., together with its subsidiaries, underwrites reinsurance and insurance in the United States, Bermuda, and international markets. The company writes property and casualty business, and life and annuity business; provides property and casualty reinsurance to the United Kingdom and European markets; and writes accident and health, marine, aviation, and surety reinsurance. It underwrites reinsurance through brokers and directly with ceding companies; and underwrites insurance through general agent relationships and surplus lines brokers. The company was formerly known as Everest Reinsurance Group, Ltd. and changed its name to Everest Re Group, Ltd. Everest Re Group was founded in 1973 and is based in Hamilton, Bermuda

For the nine months ended 30 September 2006, Everest Re Group, Ltd.'s revenues decreased 4% to $3.34B. Net income totaled $634.5M vs. a loss of $56.5M. Revenues reflect decreased income from premiums earned and a decrease in net realized capital gains. Net income reflects lower incurred losses & loss adjustment expenses, decreased commissions, brokerage, taxes & fees expenses and lower interest expense on senior notes.