Everest Re takes $311m asbestos charge
Bermudian reinsurer Everest Re has reported that it is to take a $311m pre-tax charge in its fourth-quarter 2007 results due to strengthening of asbestos reserves.
The move was the result of a study of its potential asbestos exposures.
During the firm’s third quarter earnings call in October 2007, Craig Eisenacher – Everest’s chief financial officer had said the
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