Everest
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Sources said Miami-based Everest fac VP Sean Berry is set to move to London as head of international property. -
David Mann joins from Axa XL, where he spent a decade, most recently leading the London liability team.
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In an interview, the CEO also addressed the carrier’s international expansion and portfolio remediation.
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The executive described the hardening property cat market as a “tremendous opportunity” for the Bermudian.
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The Bermudian’s operating loss per share, however, grew nearly four times from the prior-year quarter to $5.28 per share.
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The reinsurer attributed $600mn to Hurricane Ian, based on an estimate that the total insured industry losses would come to approximately $55bn.
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The carrier is pursuing a strategic expansion in primary insurance lines, and has also made several marine appointments.
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The French operation will be led by Anne Charon, and the German unit by Bernd Wiemann. The two were appointed country heads earlier this year.
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This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
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The pair will report to Artur Klinger and Paul Tester, respectively.
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The appointment comes following the departure of Renette Pretorius, who is joining Berkshire Hathaway Specialty Insurance.
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How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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