Everest beats as Q2 profits climb 70 percent

Everest Re reported second quarter operating profits of $227.5mn
that were up 70 percent on the prior-year period as it reported
strong top line growth and an improving combined ratio.At $5.51 a share, the performance was also 27 cents a share higher
than Wall Street forecasts, according to a consensus of analysts
compiled by Marketwatch.Gross written premiums (GWP) climbed by 17 percent to $1.6bn,
including 14 percent growth in reinsurance top line and 25 percent
in insurance.The...