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Everest Execs: Price Changes Across-The-Board

While admitting that casualty insurance market price changes in the wake of a huge property loss like Katrina are difficult to predict, executives at ...

By Susanne Sclafane | Updated on March 11, 2005

While admitting that casualty insurance market price changes in the wake of a huge property loss like Katrina are difficult to predict, executives at Everest Re still went out on a limb to say that “across-the-board” hikes–not just limited to property–are likely in 2006.

Joe Taranto, chair and chief executive of Everest Re Group, and Steve Limauro, chief financial officer, repeatedly made that prediction this morning during an earnings conference call, as they reported a third-quarter net loss of $417.7 million, or $7.41 per share, for their company.

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