"The continued recovery of the financial markets and only modest catastrophe losses year to date have put the industry in a position of excess capital again," analyst Brian Meredith of UBS Investment Research wrote in a note. Other than lower catastrophe losses, higher income from derivative contracts will help Everest Re's profits, while excess loss reserves will contribute to PartnerRe's results. Reinsurers provide backup coverage for property casualty carriers in the event of huge claims, such as hurricanes and other catastrophes. Wells Fargo Securities, which expects about $20 million in gain for Everest Re from derivative contracts, said higher income reflects an increase in the fair value of these contracts, due in part to the 15 percent rise in S&P 500 .SPX in the third quarter. 
Share:  <span class="sent">"The continued recovery of the financial markets and only modest catastrophe losses year to date have put the industry in a position of excess capital again," analyst <span class="analyst">Brian Meredith</span> of UBS Investment Research wrote in a note. </span> Other than lower catastrophe losses, higher income from derivative contracts will help <span class="company">Everest Re</span>'s profits, while excess loss reserves will contribute to PartnerRe's results. Reinsurers provide backup coverage for property casualty carriers in the event of huge claims, such as hurricanes and other catastrophes. Wells Fargo Securities, which expects about $20 million in gain for <span class="company">Everest Re</span> from derivative contracts, said higher income reflects an increase in the fair value of these contracts, due in part to the 15 percent rise in S&P 500 .SPX in the third quarter. ...<span class="sent">"The continued recovery of the financial markets and only modest catastrophe losses year to date have put the industry in a position of excess capital again," analyst <span class="analyst">Brian Meredith</span> of UBS Investment Research wrote in a note. </span> Other than lower catastrophe losses, higher income from derivative contracts will help <span class="company">Everest Re</span>'s profits, while excess loss reserves will contribute to PartnerRe's results. Reinsurers provide backup coverage for property casualty carriers in the event of huge claims, such as hurricanes and other catastrophes Tweet this