Everest Re Says Superstorm Sandy May Cost It $220 Million

Everest Re Group Ltd., the Bermuda- based insurer and reinsurer, said losses from superstorm Sandy are about $220 million.

The figure is after taxes and fueled by reinsurance, Everest Re said today in a statement distributed by Business Wire.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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