Everest
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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.
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Lopes was formerly SVP and sales leader of Everest’s US East and South regions.
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The bank downgraded Everest Re to hold yesterday
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A judge agreed to seal excess-of-loss reinsurance documents in a dispute between Everest Re and insurer Penn National.
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Repeated record wildfire losses have seen carriers scale back their offerings.
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Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise.
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