Reinsurance News
21st September 2021
The primary insurance arm of global reinsurer Everest Re Group, Ltd., Everest Insurance, has announced the appointment of Andrew McBride as Senior Vice President, Global Head of Claims. In his new role, McBride will be based in London and will report directly to Mike Karmilowicz, President and Chief Executive Officer (CEO) ... Read the full article
8th September 2021
Recent years of heightened catastrophe activity, characterised by rising losses from secondary perils, has significantly changed the way the reinsurance industry views risk, contributing to an "arms race" as reinsurers look to leverage the latest technology and processes, according to Juan Andrade, President and Chief Executive Officer (CEO) of Everest ... Read the full article
3rd September 2021
Bermuda-based insurer and reinsurer Everest Re Group has appointed John Modin as President of its subsidiary Mt. Logan Re. Modin joins Mt. Logan from Citigroup where he was a Managing Director in the financial services group and Head of Insurance Solutions. He brings over 30 years of experience in the financial services, ... Read the full article
29th July 2021
Bermuda-based reinsurer, Everest Re Group, Ltd. has announced a significantly improved net income for both the second-quarter of 2021 and the first half the year, of $680 million and $1 billion, respectively. Everest Re's Q2 net income increased by a massive 256% when compared with the prior year period, while net ... Read the full article
14th July 2021
Bermuda-based re/insurer Everest Re Group has announced the appointments of Ari Moskowitz and Peter Bell to critical leadership roles within its Reinsurance Division. Moskowitz has been named Senior Vice President, Chief Operations Officer and Peter has been named Senior Vice President, Chief Executive Officer and Managing Director of Bermuda, subject to ... Read the full article
13th July 2021
AXIS Capital has appointed Chris Caponigro to lead its newly-rebranded Insurance Linked Securities (ILS) unit as Global Head. Caponigro will oversee the company’s third party capital related activities currently under management across its reinsurance and Insurance segments. He will report to AXIS Re Chief Executive Steve Arora and will be based out ... Read the full article
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
