Everest Re to take charge on asbestos reserve addition


Everest Re to take charge on asbestos reserve addition

HAMILTON, Bermuda?Everest Re Group Ltd. said it expects to report a $311 million net pretax charge for the year ended Dec. 31, 2007, as a result of asbestos reserve strengthening. The Bermuda-based reinsurer said Thursday that it expects to report fourth-quarter 2007 net income of between $4...

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