Everest
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The (re)insurer revealed it has “limited exposure” to the Ukraine-Russia conflict and did not make a loss provision due to the degree of uncertainty. -
Mango was a respected industry leader and played a key role in elevating the company’s culture of rigorous risk management.
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A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.
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The hire follows the appointment of Keith Mather to head up financial lines for the international business.
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This marks Everest’s second senior hire since its ambitious international insurance plan was revealed.
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Chris Van Gend joined the company from AGCS earlier this year to lead the buildout in the class.
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The reinsurer added $280mn in casualty pro rata premium in Q4, a 60% jump, while growing casualty XoL writings by 37%, or about $84mn in new premium.
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The exit of key Florida insurers could spur rate increases.
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Gross premiums leaped by 25%, to $3.43bn, from a 26% surge in reinsurance and 21% growth in insurance.
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Plus the latest on Floridian reinsurance reform and all the week’s top news.
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The hires come as Everest continues its pivot towards primary business.
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The UN’s Principles for Sustainable Insurance is helping to ensure ESG practices are embedded across all aspects of the insurance industry.
