Everest
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The MGA, which writes on paper from Accident Fund Insurance Company of America, uses AI in its underwriting process.
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“We have plenty of capacity to work with in this market,” said the Everest Re CEO.
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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.
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The Everest Global Markets CEO said that AI was an “enabler” rather than a replacement for people.
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Sujal Patel previously worked at AIG for nearly five years and prior to that was at Hyperion.
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Shares in the insurers rose higher than the broader market as states move toward cautiously reopening their economies.
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The executive says carriers have not underwritten or priced for statutory developments.
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Sharry Tibbitt moves into the role from her current post as vice president of treaty underwriting.
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Yashar Jafari has joined the carrier in New York City as leader of its alternative solutions group.
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Ascot has been rapidly expanding in both the US and Bermuda markets over the past year.
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