Everest
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The company plans to grow exposure for June 1 and July 1 renewals. -
The firm booked $85mn of pre-tax cat losses, primarily driven by the Baltimore Bridge collapse.
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The expansive carrier has hired heads of marine for France and Spain.
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She joins from CNA Hardy, where she spent over seven years.
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Slipstream will be available to marine, cargo and logistics UK clients.
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Jill Beggs has been named chief operating officer for reinsurance.
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Strong reinsurance results have absorbed long-tail reserve charges.
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The carrier said it has acted prudently on 2016-19 GL loss trends.
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The carrier booked a reserve charge of $392mn for casualty insurance.
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Chuck Volker has been with Everest for more than 20 years, most recently serving as SVP, head of US property and specialty.
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The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
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