Reinsurance News

Everest Re

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

Everest Re reports £386m net operating income in Q2 2022

28th July 2022

Everest Re is reporting $386m in net operating income for Q2 2022, alongside 15.3% annualised operating ROE, and net income of $123m. The firm also revealed in a statement that it had over $3.4bn in gross written premiums over the same period, with year-on-year growth of 8.1% for the Group (10.3% ... Read the full article

Top US P&C underwriters saw robust premium growth in 2021

18th July 2022

The top 10 U.S. property & casualty (P&C) underwriters, based on net premiums written, remained unchanged in 2021 when compared with the previous years, while Munich Re Americas moved four places to 15th, making it the highest ranked reinsurer on the list. Our directory of the Top ... Read the full article

Everest Re names Joe Stuhl SVP of Global Distribution

27th June 2022

Everest Reinsurance has appointed Joe Stuhl as Senior Vice President of Global Distribution, where he will report to Anthony Izzo, Global Head of Facultative and Distribution at the firm. Within this newly created role, Stuhl will lead the reinsurance organisations global distribution strategy. In addition, he will also be responsible for deepening ... Read the full article

Everest Re appoints Brent Hoffman to triple-pronged role

23rd June 2022

Everest Reinsurance has appointed Brent Hoffman as senior vice president, head of claims, and COO, joining the firm at the end of July. Hoffman will have dual responsibility for overseeing key aspects of business operations and leading the global reinsurance claims function. He will report directly to Jim Williamson, chief operating ... Read the full article

Everest Re appoints Rui Tang to portfolio management role

22nd June 2022

Bermuda domiciled insurer and reinsurer, Everest Re, has appointed Rui Tang as Director, Portfolio Management and Analysis, based in its New York offices. Tang joins from AIG where he has spent the entirety of his insurance career so far. He joined AIG in 2013, becoming first a Senior Actuarial Assistant, and later ... Read the full article

Appetite for underwriting property cat reinsurance business tightening

1st June 2022

Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article

Everest Re hires David Harris as SVP, Chief Reserving Actuary

25th May 2022

Everest Re has announced that David Harris has joined the company as Senior Vice President (SVP), Chief Reserving Actuary. Harris succeeds Ellen Edmonds, and will report to Everest Group Chief Operating Officer and Head of Reinsurance, Jim Williamson. Within his new role, Harris will lead the company’s global reserving strategy, aligning the ... Read the full article

Everest Re hires Matthew Rohrmann as SVP, Head of Investor Relations

23rd May 2022

Bermuda-based Everest Re has announced that Matthew Rohrmann has joined the company as Senior Vice President, Head of Investor Relations. Rohrmann succeeds Jon Levenson and will report directly to Everest Executive Vice President & Chief Financial Officer, Mark Kociancic. Within his new role, Rohrmann will focus on deepening Everest’s engagement with the ... Read the full article

Mt. Logan Re hires Youssef Sfaif as COO

11th May 2022

Mt. Logan Re, Ltd. the third-party capital arm of Bermuda-based reinsurer Everest Re, has appointed Youssef Sfaif as Chief Operating Officer (COO), effective July 1, 2022. Sfaif joins Mt Logan at an important time in the company’s growth and expansion and will report directly to John Modin, President of Mt. Logan. Sfaif ... Read the full article

Everest Reinsurance names Jiten Voralia to new role

10th May 2022

Everest Reinsurance has named Jiten Voralia as its incoming senior vice president and head of treaty casualty and surety. Voralia will begun his new role on 6 June and will report directly to Jill Beggs, head of North America reinsurance. Beggs said in a statement: “We are thrilled to welcome Jiten to ... Read the full article

Everest Re still ‘very much a leader’ in property catastrophe: COO Williamson

5th May 2022

Bermuda-based Everest Re has been expanding its casualty book of business as it further diversifies in reinsurance, but despite the evolving business mix, the carrier remains a leader in the property catastrophe market, according to Chief Operating Officer (COO), Jim Williamson. The composition of Everest Re's P&C portfolio ended the first ... Read the full article

Everest’s P&C reinsurance book roughly an even split: COO Williamson

4th May 2022

As re/insurer Everest Re continues to reduce volatility in its portfolio by cutting its property catastrophe exposure, the firm's P&C reinsurance book is now comprised of business split closer to 50/50 between property and casualty, according to Jim Williamson, Group Chief Operating Officer (COO). Last week, the Bermuda-based carrier announced ... Read the full article

Everest Re reports stronger re/insurance underwriting result as cat load falls

28th April 2022

Bermuda domiciled insurer and reinsurer, Everest Re Group, has reported a strong start to 2022 with net income of $298 million and an improved combined ratio of 91.4%, while premiums across the group spiked by 9%. While positive, net income did fall from the $342 million posted a year earlier, while ... Read the full article