Compre
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Renewable retrospective solutions were a key point during the discussion. -
The legacy carrier reported an operating loss of $45.3mn for the year.
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He also joined Everest’s board last week as an independent director.
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The result was impacted by recent adverse development on a liability portfolio.
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The deal covered US and European P&C liabilities for Accelerant's 2020-2021 underwriting years.
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The CEO also discussed the need for portfolio diversification.
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Major deals include a $1.3bn loss portfolio transfer with SiriusPoint.
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Love joins from Scor, where she was assistant vice president, insurance operations.
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He has spent more than six years at the legacy firm in various senior claims roles.
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The outgoing NA CEO joined the legacy carrier in 2022.
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The legacy carrier has acquired two portfolios of European casualty and motor liabilities from two separate insurance groups.
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He will be responsible for driving the use of technology and data across the business.
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