Everest
-
Staff displacement in the D&O market is high following a tumultuous period of rating adjustment in 2020.
-
The underwriter joined Everest at the beginning of last year following Barbican’s acquisition by Arch. -
He suggested that the company might be willing to allow higher commissions.
-
The reinsurer grew its casualty pro rata reinsurance book by 64%, adding $218mn in GWP.
-
After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
-
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.
-
The case is the latest US suit regarding whether physical damage is required to trigger BI payouts.
-
The executive’s responsibilities will be taken on by chief operating officer Jim Williamson.
-
Maria Grace had been with Everest since 2016, and was previously an executive within AIG’s Lexington unit.
-
Rates for Japanese wind treaties increased between 5% and 10% at the April renewal, while quake pricing was up 5%.
-
Premiums grew by 14%, led by 16% growth in reinsurance and a 14% expansion in insurance.
-
The CEO said the company will become more balanced and diversified under his watch.
Most Recent
-
Industry heavyweights launch collaborative platform The Spark
10 September 2025 -
Cat models could solve cyber ‘chicken and egg’ problem: Lockton Re
10 September 2025 -
Atrium takes Westfield’s Connellan as it rebuilds aviation unit
10 September 2025 -
Monte Carlo wrap-up: Essential news dispatches from the Rendez-Vous
10 September 2025 -
SageSure agrees deal to purchase Floridian MGA and property insurer
10 September 2025 -
-
Daily Digest: Top news from 10 September
10 September 2025