Bermuda
-
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book. -
Somers Re is valued at ~$1.3bn, according to disclosures made in Arch’s Q3 2024 SEC filings.
-
He was appointed acting CEO earlier this month, after Andrade’s departure.
-
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
-
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
-
Christa Schwimmer has joined the leadership team alongside Stefan Golling.
-
The reinsurer is buying out China Minsheng affiliate at year-end.
-
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
-
Everest is in the process of transforming its ILS offering.
-
CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
-
In October, this publication revealed that the carrier had resumed IPO preparations.
-
Everest Group’s regulatory filing did not give a reason for the resignation.
Most Recent
-
Howden takes Gallagher’s Bartlett for construction team
19 August 2025 -
Astorg invests in German broker Attikon
19 August 2025 -
Daily Digest: Top news from 19 August
19 August 2025 -
HDI Global increases H1 profit by 24%
19 August 2025