Reinsurance News

Everest Re

Kendrick appointed Chairman of Everest Insurance European Board

28th March 2023

Everest Insurance, the insurance division of Everest Re Group, Ltd, has appointed industry veteran Andrew Kendrick as Non-Executive Chairman of the Board of Directors for Everest Insurance (Ireland), Dac, effective April 7. Additionally, Kendrick will serve as an advisor to Everest Insurance International as the company aims to continue to advance ... Read the full article

Everest Re names interim General Counsel as Mukherjee departs

14th March 2023

Bermuda-based reinsurer Everest Re Group has announced that Brent Hoffman has been appointed as interim General Counsel, replacing Sanjoy Mukherjee who will be leaving the company in April. Hoffman will take up Mukherjee’s responsibilities while Everest conducts a search for a permanent replacement, and will retain his position as Head of ... Read the full article

Bogardus named Chief Executive of Everest Reinsurance in Singapore

27th February 2023

Kevin Bogardus has been promoted to Chief Executive of Everest Reinsurance Company, Singapore branch, succeeding Nitin Talwalkar, who is departing the company. In his expanded role, Bogardus will oversee operations for the reinsurance division of global underwriter Everest Re Group, across all of Asia Pacific from the regional Singapore office. He will ... Read the full article

Growing opportunities and portfolio diversification at upcoming renewals: Everest Re

13th February 2023

With the completion of the January 1 renewals, Everest Re has headed into 2023 with an improved portfolio and expanded margins, said the re/insurer’s President and Chief Executive Officer, Juan Andrade. Looking forward to future opportunities at upcoming renewals, Andrade noted that the firm expects reinsurance pricing momentum to continue, as ... Read the full article

Everest Re’s net income rises as underwriting improves

9th February 2023

Bermuda-based reinsurer Everest Re Group has reported a 4.1 percentage point improvement in its combined ratio in the fourth quarter of 2022 to 87.8%, as net income and operating income increased to $496 million and $478 million, respectively. The company's Q4 net income rose from the $431 million a year earlier, ... Read the full article

Timothy Powell joins Everest Insurance as Head of Financial Lines

24th January 2023

Everest Insurance, the primary insurance division of Everest Re Group, has announced the appointment of Timothy Powell as Head of Financial Lines. According to the announcement, he will succeed Christian Colombera who will assume the role of Managing Director of Australia & Head of the Pacific Region, pending regulatory approval. Powell brings ... Read the full article

Everest Re names Bobby Kwan APAC Senior Treaty Underwriter

12th January 2023

Everest Reinsurance, the reinsurance division of Everest Re Group, has appointed Bobby Kwan as Vice President, Senior P&C Treaty Underwriter for Asia Pacific region, a role based in Singapore. With over three decades of underwriting and management experience, Kwan has an extensive track record in developing, building & managing treaty business ... Read the full article

Everest Re appoints Srini Maddineni as Group Chief Information Officer

6th January 2023

Bermuda-based re/insurer Everest Re Group, Ltd., has announced that Srini Maddineni, Everest’s SVP and Global CIO for Insurance and Reinsurance Systems, will succeed Terry Walker as Group CIO. Maddineni is set to take up the role on January 16 and will report to Jim Williamson, Everest Group Chief Operating Officer. Walker, meanwhile, ... Read the full article

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