Everest Re reports wildfire creep in Q1 cat losses

Everest Re has said it expects to take $100mn of estimated cat
losses in its first quarter results, largely from the California
wildfires and related events.
The Bermudian said the losses, which are net of reinsurance
recoverables and reinstatement premiums, reflected higher industry
estimates for both the Northern and Southern California events.
It explained that its initial estimate for the wildfires - part
of $161.5mn of cat losses it reported for Q3 2017 - was based on
the best available...