Everest
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Don Mango will join as the insurer’s head of actuarial pricing and modelling.
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First-half data shows an improved combined ratio failed to prevent underwriting results erosion. -
The Insider 50 contracted by 1.0 percent last week, as 35 companies in the index posted negative share price movements.
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Everest Re sidecar Mt Logan Re has reached $1.1bn of assets under management.
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Rising costs emanating from Florida have already hit Everest Re.
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The carrier’s underlying profitability gained while revenue surged in the quarter.
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The Insider 50 rose marginally last week as the second quarter earnings season started.
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The reinsurer cited loss creep from last year’s Hurricanes Harvey, Irma and Maria as well as fresh cat losses.
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While reinsurers are benefiting from low cats, pricing fundamentals remain weak.
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The executive was previously claims chief at Everest Re's insurance arm.
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The executive was previously head of casualty claims at the carrier.
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The head of A&H at Everest Re’s syndicate business has resigned, this publication can reveal.
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