Everest
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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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Toulkeridis makes the switch after a restructure within the specialty reinsurance business of Swiss Re reduced the number of units from five to two.
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ACHP has placed its 30 percent stake in the Julian Tighe-led company under review as it prepares to de-list from the London Stock Exchange. -
Everest taps the industry veteran’s long experience in excess and surplus lines.
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Property cat remains profitable but no longer can subsidise other lines.
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The former Axis Capital executive will continue to operate from Toronto.
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The insurer now has reinsurance for up to $3bn of losses from a Florida hurricane.
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Bermuda gross written premium increased by 20 percent to $15.0bn in Q1 2018.
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