Everest
-
The executive was previously active underwriter for Everest Syndicate 2786. -
The carrier will use the proceeds of the offering for general corporate purposes.
-
The executive had held the role at the syndicate since 2016, when he joined Everest.
-
The new hires join as CFO and COO under recently arrived CEO Juan Andrade.
-
No one business is likely to make a significant impact unless it has $7bn of capital or more, the Everest Re CEO said.
-
The MGA, which writes on paper from Accident Fund Insurance Company of America, uses AI in its underwriting process.
-
“We have plenty of capacity to work with in this market,” said the Everest Re CEO.
-
The figure brings the reinsurer’s pandemic loss total to $310mn.
-
The spectre of wholesale trapping of capital ahead of 1 January is further dislocating the market.
-
-
The Everest Global Markets CEO said that AI was an “enabler” rather than a replacement for people.
-
Sujal Patel previously worked at AIG for nearly five years and prior to that was at Hyperion.
Most Recent
-
Daily Digest: Top news from 18 July
18 July 2025 -
Coverys confirms MGA AEC’s sale to Edge
18 July 2025