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Everest Re

Everest Re expects reserve charges to hit Q2 results

20th July 2018

Bermuda-headquartered reinsurer Everest Re has announced that it expects to report a charge for net reserve adjustments of approximately $250 million for Q2 2018, in relation to prior year catastrophe events. The increase in estimates was mostly driven by reopened claims reported in the second quarter and loss inflation from higher ... Read the full article

Patricia McMahon named SVP, Chief Claims Officer, Everest Insurance

12th July 2018

Global reinsurer Everest Re Group has announced the appointment of Patricia McMahon as Senior Vice President (SVP) and Chief Claims Officer, Everest Insurance. McMahon joined the Bermuda domiciled re/insurer in June last year as Head of Casualty from insurance giant AIG, and brings a unique depth of experience to the new role. She will report ... Read the full article

Chris Donlan to lead Everest Insurance’s Marketing & Distribution, Southeast region

10th July 2018

Everest Insurance, a division of global reinsurer Everest Re Group, has appointed Chris Donlan to lead its Marketing & Distribution efforts for the Southeast region, based in Atlanta, Georgia. Donlan joined the firm in 2016 from insurer AIG, and had most recently been based in the firm's New York City office. He ... Read the full article

Everest Re hires Georgios Toulkeridis from Swiss Re as Head of Aerospace

5th July 2018

Everest Re Group has appointed Georgios Toulkeridis, former Head of Aviation and Space R/I at Swiss Re, as Global Head of Aerospace Reinsurance. Toulkeridis will join Everest’s Zurich office, and will be tasked with leading the development and execution of its underwriting strategy for Aviation and Space. Additionally, he will be responsible ... Read the full article

Transportation & Logistics unit launched within Everest Insurance

26th June 2018

Bermudian reinsurer Everest Re Group has announced the launch of a new Transportation and Logistics business unit within its primary insurance arm, Everest Insurance, led by Jeff Engelbrecht. According to an announcement on its launch, the new segment will offer clients a range of coverage lines, including Workers' Compensation, Employers' Liability, ... Read the full article

Everest Re appoints Eric Koppang as new Vice President, Head of E&S

13th June 2018

Everest Re Group (Everest) has announced the appointed of Eric Koppang as its new Vice President (VP) and Head of Excess and Surplus (E&S) Casualty. While based out of Everest’s Chicago office, Koppang will report to Head of Speciality Casualty, Connie Germano. He will be responsible for developing new products, product enhancements, ... Read the full article

Darin Scanzano named CEO of Everest Insurance, Canada

7th June 2018

Bermudian insurer and reinsurer Everest Re Group, Ltd. has announced that Darin Scanzano has been appointed Chief Executive Officer (CEO) of Everest Insurance Company of Canada, effective later this summer. He will report to David Sandler, Head of the Everest Insurance® Risk Management Group, and will based in the company's Toronto, Canada office. Sandler, commented: ... Read the full article

Everest Re partners with tech firm on updated safety platform ZERO

1st June 2018

Everest Re Group has partnered with technology firm Salus Systems, LLC on an updated version of its safety communication platform ZERO, a real-time sharing platform that allows employees to actively contribute to their company’s safety programme. ZERO 2.0 now includes several enhanced features, such as a comprehensive dashboard, live-chat capabilities, bulletin ... Read the full article

Suzanne Sandusky joins Everest Insurance’s Risk Management Group as VP

29th May 2018

Everest Re has announced that Suzanna Sandusky has joined Everest Insurance as a Vice President (VP) within its Risk Management Group, where she will oversee underwriting and provide flexible, customised primary casualty solutions in the large account marketplace. Sandusky joins from Oswald Companies, having worked as Market Leader for Global Accounts, ... Read the full article

M&A activity is driving reinsurance demand, says Everest Re CEO

30th April 2018

Dominic Adesso, President and Chief Executive Officer (CEO) of Everest Re, has said that the company has experienced an increase in demand for reinsurance from larger primary insurers, driven by increased mergers and acquisitions (M&A) activity in the sector. Everest Re has also seen cedants increasingly turn to reinsurance solutions to ... Read the full article

Everest Re’s Q1 cat losses reveal rising California wildfire costs

12th April 2018

Everest Re Group has reported that it expects to incur $100 million of estimated catastrophe losses in the first quarter of 2018, largely due to rising industry loss estimates from the California wildfires, which are now projected at over $13 billion. Loss estimates have risen dramatically since the fourth quarter of ... Read the full article

Everest Re to partner with Hudson Structured and co-invest in InsurTech

20th March 2018

Bermudian reinsurer Everest Re Group, Ltd. has announced plans to enter into a strategic agreement with Hudson Structured Capital Management, Ltd. (HSCM), an investment adviser specialising in re/insurance and transportation, which will see them collaborate across a number of areas, including co-investment in new InsurTech opportunities. The partnership will combine HSCM’s ... Read the full article

Everest Insurance launches investment management solution

16th March 2018

Insurer and reinsurer Everest Re Group has released a new investment management product, Everest Elevation® Investment Management Insurance Policy (Elevation IMI), which provides management and professional liability coverage to investment advisers, mutual funds and hedge funds. Charles Higham, Head of Financial Institutions, said the product comes in response to demand for ... Read the full article

Everest Re expands financial lines with a Private Company unit

21st February 2018

Reinsurer Everest Re has expanded the Everest Insurance Financial Lines division of Everest Specialty Underwriters (ESU), with a Private Company/Not-For-Profit unit, set to be led by Salvatore Collura. The Private Company aims to design creative insurance solutions to protect companies and management from shareholder disputes and employment-related issues to cyber threats. Everest ... Read the full article

Jan 1st renewals complex but successful, says Everest Re’s John Doucette

9th February 2018

Bermuda-based reinsurer Everest Re has noted the combination of disruptive forces as the market approached January 1st, 2018, resulting in a complex renewal season for the reinsurance industry, underlined by the continued and growing influence of alternative capital and the market impact of 2017 catastrophe events. Speaking during the reinsurer's recent ... Read the full article

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