Everest
-
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.
-
The affirmations reflect Everest’s strong underwriting diversification.
-
Plus, the latest people moves and all the top news of the week.
-
Sources said that the carrier has held preliminary talks with private debt investors.
-
The executive most recently served as head of North American treaty reinsurance.
-
The insurer has substantially expanded its marine team in recent years.
-
Cat portfolios generally grew, but casualty approaches varied.
-
Joanne Barry and Robert Fox also left the business earlier this year.
-
Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
-
Jill Beggs was most recently COO for reinsurance.
-
Jim Williamson said litigation funding had evolved into an investment class.
-
The carrier has scaled up its international insurance offering in recent years.
-
Joanne Barry will be joining the team at Zurich.
-
The remediation process is on track for completion in the fourth quarter.
-
The quarter’s performance was also affected by the Washington, DC aviation disaster.
-
London-based US excess casualty writers are increasingly looking to attach lower in the tower.
-
The executive was named group CEO in January.
-
The executive, Everest CEO from 1994 to 2013, has served as board chair since 1994.
-
John Howard was appointed as an independent, non-executive member.
-
Deteriorating CoRs, GWP growth and fears over wildfire impacts were common themes.
-
At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
-
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
-
He was appointed acting CEO earlier this month, after Andrade’s departure.
-
Carlos Becerra will succeed Delgado as Miami-based LatAm fac head.
-
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
-
He succeeds Wayne Peacock, who retires this year after four years of service.
-
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
-
Alex Haines also previously held roles at WTW and Mapfre.
-
Everest is in the process of transforming its ILS offering.
-
Everest Group’s regulatory filing did not give a reason for the resignation.
-
She steps in to replace Phil Taylor, who left the company in September.
-
The carrier is launching its own managing agency as part of its ongoing international expansion.
-
Andrade flagged expected 5% to 10% increases in the US and Europe.
