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Everest Re projects $280M in Q3 pretax cat losses

Everest Re Group Ltd. expects to record $280 million in pretax catastrophe losses, net of reinsurance recoveries and reinstatement premiums, for the third quarter.

The reinsurer anticipates the losses coming in at $225 million net of tax.

The estimate includes third-quarter losses from Hurricane Dorian and Typhoon Faxai, but excludes losses from Typhoon Hagibis. Everest Re expects pretax losses of $160 million from Hurricane Dorian and $120 million from Typhoon Faxai.