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Reinsurance News
16th March 2020
Bermuda-based insurer and reinsurer Everest Re Group, Ltd. has promoted Don Mango to Everest Group Chief Risk Officer (CRO) and Chief Actuary, effective March 30th, 2020. In his new role, Mango will report to Everest Re Group's President and Chief Executive Officer (CEO), Juan Andrade. As Group CRO and Chief Actuary, Mango ... Read the full article
3rd March 2020
Everest Re Group, Ltd. has announced that Chris Downey has been appointed to take over as Managing Director and Chief Executive Officer (CEO) of Everest Reinsurance (Bermuda), Ltd. He succeeds Sanjoy Mukherjee, who will transition from the Bermuda role on April 1 and return to his full time duties as General ... Read the full article
18th February 2020
Juan Andrade, President and CEO of Everest Re Group, has said that the reinsurer continues to see “good opportunity” in casualty business, despite fears of escalating claims inflation. Speaking as part of an earnings call alongside the release of Everest Re’s 2019 results, Andrade said that the company had provided ... Read the full article
13th February 2020
John Doucette, EVP, President and Chief Executive Officer (CEO) of Reinsurance at Bermuda-based Everest Re, has said that despite improving reinsurance market conditions, the company remains realistic that there are "choppy waters to navigate". Global reinsurer Everest Re announced recently improved year-on-year net income of $217.6 million for the fourth-quarter ... Read the full article
11th February 2020
Bermudian reinsurer Everest Re Group, Ltd. has reported net income of $217.6 million and a combined ratio of 101.5% for the fourth-quarter of 2019, while premiums jumped 7% to $2.4 billion. Net income of $217.6 million is a significant improvement on the $385.3 million loss reported in the fourth-quarter of 2018, ... Read the full article
31st January 2020
Everest Insurance, a division of Bermuda-based reinsurer Everest Re Group, has announced that it will offer its workers' compensation solution through Dovetail's online platform. Dovetail is a Victor company and its online platform enables both agents and brokers to quickly purchase insurance policies for their small commercial clients. Currently, the program is ... Read the full article
31st January 2020
Bermuda-based reinsurer Everest Re has said that it expects its fourth-quarter 2019 results will include catastrophe losses, net of reinsurance and reinstatement premiums, of $215 million, mostly driven by the impact of Typhoon Hagibis in Japan. A significant $190 million, or 88% of the reinsurer's Q4 catastrophe losses are attributable to ... Read the full article
27th January 2020
Everest Insurance, a division of Bermuda-based insurer and reinsurer Everest Re Group, Ltd., has announced plans to offer an online Lawyers' Professional Liability program via a new partnership with insurance brokerage, Embroker. The new online program is for law firms with up to ten employed attorneys, and, through Embroker's digitized platform, ... Read the full article
21st January 2020
Global reinsurance and insurance firm Everest Re has announced the high profile hiring of Artur Klinger to the role of Head of Continental Europe, succeeding the retiring Stephan Knipper. Artur Klinger is set to join the Everest Reinsurance Division in mid-to-late 2020, taking on the role of Managing Director of Continental ... Read the full article
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
