Everest climbs over 7% on Q3 cat loss estimate

Everest Re shares jumped as much as 7.8 percent in early trading
in New York 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...