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The hire follows Camilla Gower’s promotion to marine and energy liability head. -
Sources warned some property XoL books are already running 50% loss ratios.
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Cyber, marine and aviation are recent areas of focus.
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Some of the Big Four are slowing growth as the market softens.
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The property and specialty insurer reported underwriting profits of $131mn ($170mn).
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He also joined Everest’s board last week as an independent director.
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The carrier was seeking to expand its 1 March-renewing programme.
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The reinsurer anticipates downward rate pressure to continue over 2025.
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Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
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Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
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For the prior-year quarter, the carrier reported a EUR9mn loss.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
