Reinsurance News

Everest Re

Hazel McNeilage appointed to Everest Re Board of Directors

16th November 2022

Bermuda-based re/insurer Everest Re Group, Ltd., has announced the appointment of Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately. McNeilage has 40 years of global financial services experience with specialisation in investment management, distribution, business and technology transformation, international regulation and governance. Andrade, Everest President and ... Read the full article

David Mann to lead Everest Reinsurance UK Casualty team

9th November 2022

Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of David Mann as Vice President, Head of Casualty for Everest Reinsurance (Bermuda) for the UK Branch. In his new role, Mann will lead the growth of the London Casualty Treaty portfolio and Professional Lines, supporting the company’s ... Read the full article

“Tremendous” market opportunity heading into 2023, says Everest Re

28th October 2022

Everest Re President and CEO, Juan Andrade, and Jim Williamson, Group COO and Head of Reinsurance, see a host of significant opportunities for growth in 2023, noting that Everest is very well positioned to take full advantage of them. Andrade cited Everest's strong client and broker relationships that the firm has ... Read the full article

Everest Re reports net operating loss of $205m in Q3

27th October 2022

Everest Re has reported its Q3 2022 results, saying that it suffered a net operating loss of $205m, with a net loss of $319m. The losses, said the firm in a statement, were driven by an active catastrophe quarter and volatile market conditions. However, it also said that it had seen ... Read the full article

Everest Re estimates $730m of Q3 catastrophe losses, $600m from Ian

20th October 2022

Global insurance and reinsurance group Everest Re has pre-announced an estimated $730 million of catastrophe losses for the third-quarter of 2022, $600 million of which are related to hurricane Ian. For hurricane Ian, Everest Re said that its loss estimate is based on an insurance industry-wide loss pick of approximately $55 ... Read the full article

Everest Re hires Shawn Austin as Head of A&H for North America

17th October 2022

Everest Re Group Ltd. has appointed Shawn Austin as Senior Vice President, Head of Accident and Health for North America, effective October 24, 2022. Within this role, Austin will be based in New York where he will report directly to Everest Group COO and Head of Reinsurance - Jim Williamson. Austin will ... Read the full article

The world needs a new reinsurance industry that has more respect for its capital: Albert Benchimol

14th October 2022

The global reinsurance industry is undoubtedly a vital part of the risk value chain, but it needs to go back to basics and avoid the mistakes of the last five to 10 years, according to industry experts. Speaking yesterday on the final panel of the opening day of ILS Bermuda's 2022 ... Read the full article

Everest Reinsurance promotes Jacobsen & Wallace to leadership roles

15th September 2022

The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has announced a couple of promotions within its international division. Harald Jacobsen has been named as Senior Vice President, Head of Continental Europe. Additionally, he will take on the role of Branch Manager Zurich of Everest Reinsurance Company Ireland ... Read the full article

Everest “well-positioned” for growth ahead of highly promising 1/1: Jim Williamson

14th September 2022

Everest Re's Chief Operating Officer and Head of Reinsurance, Jim Williamson, spoke with Reinsurance News to share his thoughts on Everest's major international expansion plans, as well as the Florida property market, and the upcoming renewals. Williamson said: “As a go-to-market for all reinsurance purchases around the world with cedents in ... Read the full article

Everest working hard to seize opportunities in reinsurance: Jim Williamson

13th September 2022

With a risk horizon that is constantly shifting and challenging the industry in advanced ways, Chief Operating Officer and Head of the Reinsurance division at Everest Re, Jim Williamson, discusses the firm's approach to navigating said risks, alongside strategies for maximising growth while reducing volatility. Reinsurance News spoke with Williamson around ... Read the full article

Everest Re names Catherine Rudow as Global Head of Cyber Reinsurance

9th September 2022

The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has appointed Catherine Rudow to the newly created role of Global Head of Cyber Reinsurance. Rudow assumes responsibility for strategically expanding the company's cyber reinsurance business, driving consistent underwriting best practices and guidelines across the division. She will also be ... Read the full article

Everest Re appoints Cherie Dill as Head of Actuarial Pricing, International

6th September 2022

Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of Cherie Dill as Head of Actuarial Pricing, International. Prior to this appointment, Dill was Vice President of Actuarial at Everest Re and was based in Burmuda. Dill commented on her new position, stating, “I am very much looking ... Read the full article

Everest Re hires Bogardus to lead APAC business development

30th August 2022

Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of Kevin Bogardus as Senior Vice President, Head of Business Development Asia Pacific, effective September 8, 2022. In this newly created role, he will lead the expansion into the Asia Pacific region, focused on growing Everest Re’s reinsurance ... Read the full article

Munich Re remains the world’s largest reinsurance company

17th August 2022

After taking the top spot last year, global reinsurer Munich Re remains the world's largest reinsurance company, with gross life & non-life reinsurance premiums written of more than $46.8 billion in 2021, as shown by our directory of the Top 50 Global Reinsurance Groups. The directory is ... Read the full article

Everest Re expects further market improvements at 1/1

3rd August 2022

Juan Andrade, President, CEO and Director of Bermuda-based reinsurer Everest Re, has said that he expects further improvements in the reinsurance market going into the January 2023 renewal period. Speaking on an earnings call alongside the release of Everest Re’s Q2 results, Andrade addressed the issue of market conditions through the ... Read the full article