Everest
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Encouraging signs that the (re)insurance industry will continue to see rate rises, says Everest Re’s CEO. -
The year-over-year improvement was driven by a 15.9-point improvement in its combined ratio and 26.7 percent growth in net investment income.
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Joshila Tailor will join the Bermuda-based insurer as global head of fine art and specie.
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One of two executives is expected to replace Dominic Addesso when he steps down later this year.
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The (re)insurer is expected to pick either its reinsurance or insurance CEO to replace group chief Dominic Addesso.
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Sources pegged the firm’s UNL retro purchase at around $150mn.
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Hartzband served as Stone Point’s chief investment officer from 1999 to 2015.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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Everest Re executives were relatively optimistic about P&C (re)insurance pricing.
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The Bermudian (re)insurer reported a combined ratio of 88.7 percent in Q1 2019.
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The executive steps down after little more than six months with the carrier.
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The new entity is a branch of Everest Insurance Ireland.
