Everest
-
Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
-
At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
-
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
-
He was appointed acting CEO earlier this month, after Andrade’s departure.
-
Carlos Becerra will succeed Delgado as Miami-based LatAm fac head.
-
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
-
He succeeds Wayne Peacock, who retires this year after four years of service.
-
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
-
Alex Haines also previously held roles at WTW and Mapfre.
-
Everest is in the process of transforming its ILS offering.
Most Recent
-
Tysers international property D&F team exits
14 February 2025 -
Hickman to replace Gaze at InsurTech Innovative Risk Labs
14 February 2025 -
The Week in 90 Seconds: Energy, aviation, M&A, US auto liability
14 February 2025 -
Jensten solicits first-round bids in resurrected sale process
14 February 2025 -
Bains to exit Volante, Reith steps in as interim CEO
14 February 2025 -
Marco closes Coverys 1975 RITC deal
14 February 2025 -
Daily Digest: Top news from 14 February
14 February 2025