Everest climbs 6% on Q3 cat loss estimate

Everest Re shares jumped 6 percent in New York trading today
after the (re)insurer estimated a net pre-tax catastrophe loss of
$1.2bn for the third quarter, reflecting the period's three
major hurricanes and the earthquakes in Mexico.
The losses would amount to a "net economic impact" of
$900mn after taxes, the Bermuda-based company said after markets
closed in New York yesterday.Should the figures hold up, the deficit would be substantially
smaller than the $1.1bn after-tax hit projected by Buc