Everest
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He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit. -
Reinsurer executives stressed that the industry worked hard on setting the right structure.
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The affirmations reflect Everest’s strong underwriting diversification.
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Plus, the latest people moves and all the top news of the week.
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Sources said that the carrier has held preliminary talks with private debt investors.
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The executive most recently served as head of North American treaty reinsurance.
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The insurer has substantially expanded its marine team in recent years.
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Cat portfolios generally grew, but casualty approaches varied.
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Joanne Barry and Robert Fox also left the business earlier this year.
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Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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Jill Beggs was most recently COO for reinsurance.
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Jim Williamson said litigation funding had evolved into an investment class.
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The carrier has scaled up its international insurance offering in recent years.
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Joanne Barry will be joining the team at Zurich.
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The remediation process is on track for completion in the fourth quarter.
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The quarter’s performance was also affected by the Washington, DC aviation disaster.
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London-based US excess casualty writers are increasingly looking to attach lower in the tower.
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The executive was named group CEO in January.
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The executive, Everest CEO from 1994 to 2013, has served as board chair since 1994.
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John Howard was appointed as an independent, non-executive member.
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Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
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At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
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The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
