Everest
-
Group CEO Juan Andrade will assume oversight of the expanding insurance arm. -
The (re)insurance group expects to report a combined ratio below 100 percent and investment income of $148mn.
-
Alex Poracchia was previously a partner at Deloitte UK.
-
She will report to Everest Insurance president and CEO Jonathan Zaffino and Everest group CFO Craig Howie.
-
The S&P 500 insurance industry index rose by 2.8 percent as lawmakers neared a vote on a coronavirus economic relief package.
-
He will take over from Sanjoy Mukherjee, Everest Re’s general counsel and corporate secretary, who has run the Bermuda operation since 2016.
-
The recruitment drive comes as excess casualty rates soar in response to the social inflation crisis sweeping the US.
-
Ralph Van Helden will leave the Corporation after almost 10 years.
-
The company said it had “dusted off” its pillared Purple product.
-
The executive told analysts that reinsurance rates are starting to climb in certain areas, offering opportunities.
-
The reinsurer beat analyst expectations, reporting operating income of $3.20 per share.
-
The Bermuda carrier predicts full-year net profit of about $1bn, in line with forecasts.
Most Recent
-
Hull to lead WTW’s construction and surety team in expanded role
09 September 2025 -
LIVE from Monte: Mereo CEO Croom-Johnson
09 September 2025 -
Generali mulling syndicate launch as global carriers look to Lloyd’s
09 September 2025 -
Cincinnati Global takes Lavaretus’s Thompson for marine hull launch
09 September 2025 -
Compre US claims director and SVP Bouvier to exit
09 September 2025 -
AIG’s head of M&A for UK and emerging markets to exit for BHSI
09 September 2025