Reinsurance News
28th October 2021
Everest Re group has reported a third quarter net loss of $73.5 million, having previously achieved an income of $243.1 million in the prior year quarter. The group also reported a net operating loss of $52.6 million, compared to a $97.0 million income achieved in the same period last year. An underwriting ... Read the full article
27th October 2021
Everest Re Group has named Jill Beggs as Senior Vice President and Head of North America Reinsurance, effective November 15. Beggs will oversee Everest’s reinsurance business in the United States, Canada, and Bermuda, and will report directly to Jim Williamson, Everest Group COO and Head of Reinsurance. She steps into a newly ... Read the full article
14th October 2021
Global reinsurer Everest Re Group is expecting total pre-tax net catastrophe losses of $635 million for the third quarter of 2021, more than double the $305 million incurred during the entire first half of the year. In comparison, the reinsurer reported losses of $15 million for Q220 and $45 million for H120. In ... Read the full article
30th September 2021
Bermuda-based reinsurer Everest Re Group, Ltd. has announced that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc., priced a registered public offering of $1 billion aggregate principal amount of 3.125% Senior Notes due 2052. Everest Reinsurance Holdings expects the offering to close on October 4th, 2021, subject to customary closing conditions. The net ... Read the full article
21st September 2021
The primary insurance arm of global reinsurer Everest Re Group, Ltd., Everest Insurance, has announced the appointment of Andrew McBride as Senior Vice President, Global Head of Claims. In his new role, McBride will be based in London and will report directly to Mike Karmilowicz, President and Chief Executive Officer (CEO) ... Read the full article
8th September 2021
Recent years of heightened catastrophe activity, characterised by rising losses from secondary perils, has significantly changed the way the reinsurance industry views risk, contributing to an "arms race" as reinsurers look to leverage the latest technology and processes, according to Juan Andrade, President and Chief Executive Officer (CEO) of Everest ... Read the full article
3rd September 2021
Bermuda-based insurer and reinsurer Everest Re Group has appointed John Modin as President of its subsidiary Mt. Logan Re. Modin joins Mt. Logan from Citigroup where he was a Managing Director in the financial services group and Head of Insurance Solutions. He brings over 30 years of experience in the financial services, ... Read the full article
29th July 2021
Bermuda-based reinsurer, Everest Re Group, Ltd. has announced a significantly improved net income for both the second-quarter of 2021 and the first half the year, of $680 million and $1 billion, respectively. Everest Re's Q2 net income increased by a massive 256% when compared with the prior year period, while net ... Read the full article
14th July 2021
Bermuda-based re/insurer Everest Re Group has announced the appointments of Ari Moskowitz and Peter Bell to critical leadership roles within its Reinsurance Division. Moskowitz has been named Senior Vice President, Chief Operations Officer and Peter has been named Senior Vice President, Chief Executive Officer and Managing Director of Bermuda, subject to ... Read the full article
13th July 2021
AXIS Capital has appointed Chris Caponigro to lead its newly-rebranded Insurance Linked Securities (ILS) unit as Global Head. Caponigro will oversee the company’s third party capital related activities currently under management across its reinsurance and Insurance segments. He will report to AXIS Re Chief Executive Steve Arora and will be based out ... Read the full article
11th May 2021
Bermuda-based reinsurer Everest Re Group, Ltd. has announced that Jim Williamson will takeover as the Head of the Everest Reinsurance Division, effective immediately. Williamson currently serves as the firm's Executive Vice President and Group Chief Operating Officer (COO), and retains this position alongside his new responsibilities leading the reinsurance unit. He succeeds ... Read the full article
29th April 2021
Bermuda-based insurer and reinsurer, Everest Re Group, Ltd., has reported net income of $342 million and underwriting income of $45 million for the first quarter of 2021, despite pre-tax net catastrophe losses of $260 million for the period. The reinsurer pre-announced $260 million of cat losses earlier in April, stating ... Read the full article
20th April 2021
Bermuda-based reinsurer, Everest Re Group, Ltd., has announced estimated pre-tax catastrophe losses, net of reinsurance and reinstatement premiums, of $260 million for the first-quarter of 2021. The firm’s Q1 cat loss bill primarily relates to the impacts of the Texas winter storms, alongside a minimal amount from the flooding in New ... Read the full article
30th March 2021
Global reinsurer Everest Re has announced the appointment of Anne Rocco as senior vice president and group chief transformation and shared services leader. Rocco will serve on Everest's executive leadership committee and is set to report directly to president and Chief Executive Officer Juan C. Andrade. She joins from Chubb having most ... Read the full article
18th March 2021
Insurtech company for the ride-share industry, Buckle has appointed James Camerino as Head of Strategic Partnerships. He joins from Everest Re where he most recently served as Chief Operating Officer. Previously, he was Senior Vice President at Munich Reinsurance America where he held claim, legal, and underwriting leadership positions. Prior to his COO ... Read the full article
