Everest Re Group, Ltd. (RE)

Q4 2011 Earnings Call

February 9, 2012 - 10:30 a.m. ET

Executives

Joseph V. Taranto – Chairman and Chief Executive Officer

Dominic J. Addesso – President and Chief Financial Officer

Elizabeth B. Farrell – Vice President, Investor Relations

Analysts

Matthew G. Heimermann – J.P. Morgan Securities, LLC

Vinay Misquith – Evercore Partners, Inc.

Some money managers are praying, silently of course, for a calamity that allows them to buy stocks at a lower price, and they aren't getting it.

The chip maker is particularly vulnerable to cuts in defense spending, which accounted for 11 percent of its revenue in the last quarter.

Breaking his silence after the furore over his near £1m bonus and Fred Goodwin’s knighthood, Mr. Hester emailed employees admitting that such political and media attention makes the job more difficult. “There is no doubt that our position in the spotlight makes the job harder. But the best way to deal with it is to prove the critics wrong.

TastemakerX has raised $1.8 million in funding. Investors include Guggenheim Partners, Baseline Ventures, True Ventures, AOL Ventures and Tekton Ventures. The company has also attracted Internet and music industry advisors John Battelle, Marc Geiger, Ian Rogers, Paul Bricault and Ted Rheingold and angel investors Andrew Anker, Mich Mathews, Michael Kassan and Mike McGinley. TastemakerX is a social gaming platform.

PRESS RELEASE

Spare a thought for those banker's who work in Royal Bank of Scotland's Australian M&A and equities businesses....   read more >

Here's a note of the 29 banks / financial institutions that became JPMorgan Chase....   read more >

The decision for Europe’s bosses is this: they must ultimately confront the consequences of their policy choices. They can destroy the eurozone by continuing with the same failed mix of policies or by salvaging it by adding what has been missing from the outset: a mechanism for shifting surpluses to the deficit regions in the form of productive investments (as opposed to handouts or loans)