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The only major product line to see rate increases was casualty. -
The property segment experienced a 113.5-point impact from the California wildfires.
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The executive has managed both casualty and personal lines reinsurance books.
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The executive, Everest CEO from 1994 to 2013, has served as board chair since 1994.
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Instead, the reinsurer plans to write more casualty business through its innovations book.
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The carrier increased premium by 7% at the January renewals.
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The firm projects losses from the fires at between $160mn-$190mn.
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The broker added reinsurers remain cautious on US casualty risk.
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Mathieu Loisel joins the reinsurance broker from New Re.
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Many cedants secured aggregate and subsequent coverage at 1 January.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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The agency’s outlook for global reinsurance remains at Positive.
