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Reinsurance News

Everest Re

Everest Re appoints Jonathan Zaffino President and CEO of Everest Insurance

5th January 2018

Bermuda-based reinsurer Everest Re Group, Ltd. has announced the appointment of Jonathan M. Zaffino as President and Chief Executive Officer (CEO) of Everest Insurance Division, effective immediately. Zaffino joined Everest Re in 2015 and most recently served as President of the North America Insurance Division. In his new role as President and CEO ... Read the full article

Everest Re adopts Xuber for Reinsurers tech platform

21st November 2017

Bermuda-based global reinsurance firm Everest Re has signed up to adopt the Xuber for Reinsurers platform for all of its global reinsurance subsidiaries. The Xuber for Reinsurers platform was developed by Xchanging, a DXC Technology company, and allows reinsurers to digitalise their processes using a single-data-model and end-to-end business processing platform. Everest ... Read the full article

Everest Re CEO Dominic Addesso has contract extended to end of 2019

20th November 2017

Bermuda headquartered reinsurance specialist Everest Re Group, Ltd. has announced that its Chief Executive Officer Dominic Addesso will be staying on right through 2019, after having his contract extended. Everest Re said that the firm's employment agreement with Dominic J. Addesso, President and Chief Executive Officer, is going to be extended ... Read the full article

Everest Re sets up Private Company/ Not-for-Profit business segment

15th November 2017

Everest Re has set up a Private Company/ Not-for-Profit business segment (Private/NFP) in the Everest Specialty Underwriters unit of Everest Insurance, to compliment its expanding Financial Lines division. The Private/NFP team will target small, middle and large Private/Not-for-Profit firms and organisations on a primary and excess basis, delivering innovative solutions across ... Read the full article

ValueInsured closes Everest Re & HIIG led $6.5m funding round

18th October 2017

Down payment protection provider ValueInsured has closed a $6.5 million funding round led by an Everest Re Group affiliate and Houston International Insurance Group (HIIG). The funding marks Everest Re and HIIG's continued commitment to the insurer and builds on existing partnerships which began in 2014 with an initial $6 million ... Read the full article

Everest Re puts Q3 cat losses at $900 million after tax

13th October 2017

Bermuda domiciled reinsurer, Everest Re, has announced pre-tax catastrophe losses for the third-quarter of 2017, net of reinsurance and reinstatement premiums, of $1.2 billion. After tax the figure falls to $900 million, and includes estimated losses from hurricanes Harvey, Irma, Maria, and the Mexico earthquakes, and is based on an aggregated ... Read the full article

Everest Re hires senior underwriters for London team

12th October 2017

Global reinsurer Everest Re has named Luke Armitage and Emma Gairdner as newly appointed senior underwriters, within the firm's London team. Armitage joins Everest Re’s London office as Senior Underwriter for Motor business, after having spent 10 years with Hiscox Insurance as Head of Actuarial Pricing, and bringing a total 25 ... Read the full article

Markus Heizmann joins Everest Re from AXIS Re

3rd October 2017

Global reinsurer Everest Re has announced the appointment of Markus Heizmann from AXIS Re, as Head of Everest Reinsurance (Ireland), dac's Zurich-based Credit & Surety Operations. Heizmann joins the firm from AXIS Re, where he was most recently Senior Underwriter for Credit & Surety. He brings more than 30 years of experience ... Read the full article

Everest becomes latest firm to gain Ireland approval amidst Brexit fallout

2nd October 2017

In response to the UK's vote to leave the European Union (EU) and to support expansion plans, Everest Re Group, Ltd. has announced that its Dublin-based subsidiary has received authorisation in principle to operate as a non-life insurer in Ireland. The new unit will be led by Stephen Cross, who has ... Read the full article

Everest Re appoints Jonathan Zaffino to Executive Vice President

13th September 2017

Everest Re has announced that Jonathan Zaffino, President of the North America Insurance Division and Senior Vice President of Everest Re, has been appointed Executive Vice President, Everest Re Group, Ltd. Dominic Addesso, President and Chief Executive Officer (CEO) of Everest Re Group, commented on the appointment; “Jon continues to be ... Read the full article

Everest Re hires Debbie Weiser from AIG as new head of Excess Casualty

6th September 2017

Everest Re has named Debbie Weiser, who joins from an executive position with AIG, as new leader of Excess Casualty within Everest Specialty Casualty. Commenting on the appointment, Connie Germano, Head of Specialty Casualty, said; “Debbie brings to Everest extensive experience in the Umbrella and Excess space, particularly in the valued ... Read the full article

Evolution of a “new reinsurance world order” continues in 2017: Everest Re

31st July 2017

The reinsurance sector continues to strive for greater efficiency, scale, and diversification, increasingly utilising alternative risk transfer mechanism amidst a need for more profitable business, with a "new reinsurance world order" taking shape, according to Everest Re's John Doucette. Everest Re, the global insurer and reinsurer has now released its second-quarter 2017 ... Read the full article

Everest Re’s continued growth drives profits higher

25th July 2017

Global reinsurance firm Everest Re is the first of the majors to report second-quarter 2017 earnings and the statement shows that the expansive underwriter continues to find opportunities for growth, with premiums written up 17%, helping to drive profits higher, with after-tax income rising almost 70% to $227.5 million. President and ... Read the full article

National General enters into auto & homeowners quota shares with panel of reinsurers

13th July 2017

National General Holdings Corp. has entered into individual two-year quota share reinsurance arrangements with a number of reinsurers, including Hannover Re, Munich Re and Everest Re, covering its auto and homeowners business lines. The first two-year quota share reinsurance agreement concerns National General's auto business, the Auto Quota Share Agreement, and sees the ... Read the full article

Everest Re hires Kelly from Hiscox to lead international casualty facultative reinsurance

23rd June 2017

Everest Re Group, Ltd. has hired Matt Kelly to lead its international casualty facultative reinsurance unit, a role that will see him responsible for worldwide Casualty facultative underwriting, outside of the U.S. and Canada. Kelly will be based in Miami in his new role as Vice President and Head of the ... Read the full article

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