Everest Re Group estimates its losses from the terrorist attacks in the US last week to be about $75m (£50m) after tax and reinsurance gains.
The Barbados-based reinsurer issued a statement saying: “As of June 30, 2001, the company had total assets of $7.3bn (£4.86bn) and shareholders' equity of $1.7bn (£1.13), and our customers and shareholders can be assured of the company's financial strength.”
