Everest
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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A reinsurance panel at Reconnect also called for reform of risk models
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Modin will succeed David Whiting, who is retiring after a 45-year career in the reinsurance industry.
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Staff displacement in the D&O market is high following a tumultuous period of rating adjustment in 2020.
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The underwriter joined Everest at the beginning of last year following Barbican’s acquisition by Arch.
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He suggested that the company might be willing to allow higher commissions.
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The reinsurer grew its casualty pro rata reinsurance book by 64%, adding $218mn in GWP.
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After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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CEO Juan Andrade laid out the new targets in an investor day presentation in which he said the carrier will become a “digital first” (re)insurer.
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The case is the latest US suit regarding whether physical damage is required to trigger BI payouts.
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The executive’s responsibilities will be taken on by chief operating officer Jim Williamson.
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Maria Grace had been with Everest since 2016, and was previously an executive within AIG’s Lexington unit.