Reinsurance News
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
9th February 2021
Everest Re Group has seen its fourth quarter net income fall to $64 million, a drop from the $217 million announced in the prior year quarter. This drop is largely due to a prior year reserve strengthening hit of $400 million as well as catastrophe losses of $70 million. COVID-19 losses were ... Read the full article
28th January 2021
Everest Re Group, Ltd.'s full-year 2020 earnings will be able to absorb the $546 million of previously announced fourth-quarter charges, according to analysis by S&P Global Ratings. Earlier this week, the Bermuda-based re/insurer announced estimated pre-tax net catastrophe losses of $70 million for Q4, alongside an additional $76 million of ... Read the full article
28th January 2021
Property & casualty insurer Amynta Group has appointed former Everest Re Chief Executive Dominic Addesso as non-executive chairman of ClearView Risk, its habitational property program and wholesale broking business. Addesso brings over 40 years' experience to the role and joins from Everest Re, a company he led for five years before retiring ... Read the full article
26th January 2021
Bermuda-based insurer and reinsurer, Everest Re Group, Ltd., has announced estimated pre-tax net catastrophe losses of $70 million for the fourth-quarter of 2020, alongside an additional $76 million of losses related to the COVID-19 pandemic and a $400 million reserve charge. Despite these losses, of which the majority is within the ... Read the full article
18th January 2021
Bermuda-based reinsurer Everest Re Group has appointed Mariza Costa as Vice President (VP) of Investor and Rating Agency Relations, based in the company’s US Headquarters in Warren, New Jersey. Read the full article
11th December 2020
Juan C. Andrade, the President and Chief Executive Officer (CEO) of Bermuda-based reinsurer Everest Re Group, Ltd., has been appointed to serve on the board of USAA's Risk and Compliance and Member and Technology committees. Andrade brings over 25 years of insurance and reinsurance industry experience to the firm, having served ... Read the full article
9th November 2020
John Doucette, President and CEO of the Reinsurance division at Everest Re, has said that the company is seeing a flight to quality and a “flight back to the traditional model” ahead of the 2021 renewals. Speaking alongside the release of Everest Re’s Q3 results, Doucette commented on how the ... Read the full article
30th October 2020
Bermuda-based re/insurer Everest Re has reported a $243.1 million net income for the third quarter, up from $104.4 million in the prior year quarter. After-tax operating income for the quarter was $97 million, down from $138.4 million in 2019. Pre-tax catastrophe losses totalled $300 million, an amount that is net of reinsurance and ... Read the full article
23rd October 2020
Bermuda-based reinsurer Everest Re Group has announced its estimated Q3 2020 catastrophe losses. Everest is estimating pre-tax net catastrophe losses in the amount of $300 million, net of reinsurance and reinstatement premiums. The estimate includes the impact of Hurricanes Laura, Isaias and Sally, wildfires in California and Oregon, and other events including ... Read the full article
6th October 2020
Bermuda-based reinsurer, Everest Re Group, Ltd. has announced that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc., is set to raise $1 billion of additional capital through a debt issue. Everest Re has priced a registered public offering of $1 billion aggregate principal amount of 3.500% Senior Notes due 2050. The company expects ... Read the full article
