Everest
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Ambitious plans to grow insurance offering bearing fruit.
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Bermudian (re)insurance giant failed to match analysts’ expectations after facing significant catastrophe claims.
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The losses are primarily related to Hurricane Michael, the Camp and Woolsey wildfires in California and the December hailstorm in Australia.
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Richard Taylor joins the MGA from CMS.
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Everest Re’s president and chief executive Dominic Addesso will retire from the company at the end of 2019. -
Mt Logan will not be the only reinsurer vehicle impacted by Stone Ridge’s retractions, but has emerged as the first such example.
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Above-average cat losses dominate discussions during the P&C earnings season.
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Analyst predicts Chubb and Travelers could also pick up $400mn if industry insured losses hit $10bn.
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Carriers disclose heavy cat losses as well as mixed underlying performances, as business mix shift continues.
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Before Florence and Michael, rate reductions had looked set to resume.
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More than 4,000 new claims were filed to the insurer in the third quarter.
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Better-than-expected results push the shares up 4 percent.
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