Reinsurer Everest Re (RE +1.9%) holds on to gains after saying late yesterday it will incur...

|About: Everest Re Group Ltd. (RE)|By:, SA News Editor

Reinsurer Everest Re (RE +1.9%) holds on to gains after saying late yesterday it will incur lower net catastrophe losses for Q2. The stock has been under pressure lately, due to difficulty assessing how severely Canadian wildfires and harsh spring weather in the U.S. would impact its quarter.