Everest Re Finishes 2011 with an $80.5M Loss

Everest Re Group on Wednesday reported fourth quarter 2011 net income of $41 million, compared to $302.5 million for the same period last year.For the full year 2011, Everest Re reported a net loss of $80.5 million, compared to net income of $610.8 million for 2010.Everest Re said it had gross written premiums of $1.1 billion for the quarter, an increase of 10% when compared to the same quarter in 2010. Worldwide reinsurance premiums were up 12% and direct insurance premiums were up 5% in the period.For the full year, gross written premiums totaled $4.3 billion, an increase of 2% compared to 2...