Everest Re reports nearly $700m of investment losses
Everest Re stumbled to a loss in 2008 after nearly $700m of investment losses pounded its bottom line.
The Bermudian (re)insurer reported that full-year net realized capital losses were $695.8m, in comparison to an $86.2m gain in 2007.
The losses sent the group to a net loss for the year of over $18m
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