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Reinsurance News
7th January 2020
The specialty insurance division of Bermudian reinsurer Everest Re Group, Ltd., Everest Insurance, has announced the appointment of Mike Karmilowicz as Executive Vice President (EVP) of Everest Insurance and President of Everest Insurance North America P&C. In his new role, Karmilowicz will take responsibility for all of the insurer's P&C underwriting ... Read the full article
15th November 2019
Speaking to analysts this week, incoming CEO elect of insurance and reinsurance group Everest Re Juan Andrade has explained that he sees a “rare” opportunity for growth across the business and is determined to capitalise on it. Encouragingly for the company, the opportunities being seen right now are across both its ... Read the full article
13th November 2019
Everest Insurance, a division of global reinsurer Everest Re Group, has added four new members to its financial lines team. Tim Golden joins as an underwriting manager on the Cyber team and will be based out of the firm’s New York office. He will be reporting to Ayesha West, vice president of ... Read the full article
6th November 2019
The global re/insurance industry would have hoped for a chance to regroup in 2019 following the volume of losses over the previous two years, but instead, further losses have driven additional market dislocation, which in turn creates opportunity, according to John Doucette, EVP, President and Chief Executive Officer (CEO) of ... Read the full article
29th October 2019
Bermudian reinsurer Everest Re Group has reported a 47% decrease in net earnings during the third quarter of 2019, primarily due to catastrophe losses stemming from Hurricane Dorian and Typhoon Faxai. Everest Re recorded net income of $104.4 million this year, compared to $198.4 million for the same period last year. This ... Read the full article
16th October 2019
Bermuda-based reinsurer Everest Re Group, Ltd. has announced a preliminary pre-tax catastrophe loss estimate of $280 million for the third-quarter of 2019, net of reinsurance recoveries and reinstatement premiums. Net of tax, and Everest Re's catastrophe loss estimate for the third-quarter falls to an estimated $225 million. The catastrophe losses recorded in ... Read the full article
2nd October 2019
Everest Insurance, a division of global reinsurer Everest Re Group, has announced the appointment of Kurt Hines as Vice President of Underwriting within the firm’s Specialty Insurance Group. Hines, who will be responsible for overseeing all underwriting activities for the business, joins from Aslan Risk Advisors in Philadelphia where he served ... Read the full article
15th August 2019
Everest Insurance has bolstered its Excess Casualty team with the appointments of Rey Haliti as a Director and Auberson Eustache as a Manager. Haliti spent over 5 years at Chubb as an Assistant Vice President, Excess Casualty. He previously worked at AIG as a Senior Underwriter and began his career as a ... Read the full article
1st August 2019
Bermudian reinsurer Everest Re has announced that Juan C. Andrade has been appointed as Chief Operating Officer (COO), before taking over as President and Chief Executive Officer of the company from January 1, 2020. He will succeed outgoing CEO Dominic J. Addesso, whose retirement was announced back in January 2019. Andrade ... Read the full article
30th July 2019
Bermudian reinsurer Everest Re Group has reported a significant increase in net income to $342.9 million for the second-quarter of 2019, driven by a solid underwriting and investment performance. For the second-quarter of 2019, Everest Re's net income increased by a huge 391% from the $69.9 million recorded in the second-quarter ... Read the full article
15th July 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re Group, Ltd., has hired Joshila Tailor as the Global Head of Fine Art and Specie for Everest Insurance International, which includes Everest Insurance Ireland, dac. and Lloyd's Syndicate 2786. Tailor brings more than two decades of industry experience to the role, all ... Read the full article
24th May 2019
Global reinsurer Everest Re Group has appointed Meryl Hartzband to its Board of Directors. A founding partner of Stone Point Capital, Hartzband served as the firm's Chief Investment Officer from 1999 to 2015. Prior to joining Stone Point, she was a Managing Director at J.P. Morgan & Co., specialising in private equity ... Read the full article
14th May 2019
The President and Chief Executive Officer (CEO) of Bermuda-based reinsurer Everest Re, Dominic Addesso, is encouraged by how the reinsurance industry is responding to recent loss activity and trends. On the back of consecutive years of increased re/insured catastrophe losses, intense competition and significant pressure on rates, first-quarter 2019 commentary from ... Read the full article
7th May 2019
Bermuda-based reinsurer Everest Re Group, Ltd. saw its net income increase from $210.3 million to $348.9 million in the first-quarter of 2019, with growth occurring in both insurance and reinsurance. Overall, gross written premiums jumped 10% in Q1 2019 when compared with the prior year quarter, totalling $2.1 billion. Globally, reinsurance ... Read the full article
12th April 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has appointed Ironshore's Sharone Menczel Poopor as a Vice President (VP) within its Structured Solutions group. Based in the firm's Liberty Corner, NJ office, she will be responsible for underwriting unusual and complex risks, offering clients a range of bespoke underwriting solutions. She ... Read the full article
