Reinsurance News
3rd April 2019
Everest Insurance, the specialty insurance arm of Bermudian reinsurer Everest Re Group, Ltd., has revealed that Dane Lopes has been appointed to the expanded position of Chief Commercial Officer. Lopes joined Everest Insurance in 2015 and has since served as Head of Sales and Distribution. During this time, his responsibilities have ... Read the full article
19th February 2019
In many instances, pricing for catastrophe reinsurance business has not firmed as much as needed, but certain factors suggest a stronger market moving forward, according to Dominic Addesso, President and Chief Executive Officer (CEO) of Bermudian reinsurer, Everest Re. Everest Re fell to a net loss of more than $380 ... Read the full article
12th February 2019
Bermuda-based reinsurer Everest Re Group, Ltd., fell to a net loss of $382.3 million in the fourth-quarter of 2018 as catastrophe losses spiked to $875 million, driven mostly by hurricane Michael, the California wildfires, and a hailstorm event in Australia. The Q4 net loss compares to net income of $571 million ... Read the full article
25th January 2019
Bermuda-headquartered reinsurer Everest Re Group has announced Q4 catastrophe losses of $695 million, a figure net of reinsurance, reinstatement premiums and taxes. The group states that these Q4 losses can primarily be attributed to hurricane Michael, the Camp and Woolsey California wildfires, and hailstorms which hit Australia in December. Michael made landfall ... Read the full article
8th January 2019
Bermuda headquartered insurance and reinsurance firm Everest Re Group, Ltd. has announced that its current President and Chief Executive Officer (CEO) Dominic J. Addesso is set to retire at the end of 2019. The re/insurer's Board announced that Addesso will not continue with the firm beyond his current contract term. Addesso informed ... Read the full article
10th December 2018
Everest Re Group has announced the appointment of Kevin Pinto to the role of Chief Underwriting Officer at Everest Insurance Company of Canada (EvCan). In his new role, Pinto will be responsible for overseeing the underwriting strategy for the various EvCan underwriting units, implementing and promoting best practices throughout the organisation, ... Read the full article
30th November 2018
Global reinsurer Everest Re is optimistic about the pricing outlook for reinsurance renewals over 2019, anticipating rate increases across property catastrophe, specialty and casualty lines, according to analysts at Goldman Sachs. After a series of meetings with Everest Re’s management, including its CEO, CFO and presidents of the Reinsurance and Insurance ... Read the full article
29th November 2018
Global reinsurer Everest Re Group has announced the appointment of Jon Levenson as Head of Investor Relations. Levenson joins Everest from Validus Holdings, Ltd., where he has worked for the previous 12 years in positions such as Group Treasurer and Head of Investor Relations. In his new role, he will be responsible ... Read the full article
30th October 2018
Reinsurance firm Everest Re has achieved further growth worldwide across both sides of its business in the third-quarter of 2018, as it turned an impressive profit despite the impacts of previously announced catastrophe losses during the period. Everest Re had previously announced third-quarter 2018 catastrophe losses amounting to $240 million ... Read the full article
19th October 2018
Global reinsurer Everest Re Group has announced preliminary Q3 pre-tax catastrophe losses of an approximately $240 million, net of reinsurance. The estimate includes Q3 losses from hurricane Florence, California wildfires, typhoon Jebi, typhoon Trami and Japan floods. “Our thoughts are with those affected by these devastating catastrophe ... Read the full article
6th August 2018
Everest Insurance, a division of global reinsurer Everest Re Group, has appointed Jessica Mann as Vice President, Commercial Surety Lead. Mann is now responsible for leading Everest’s expansion of Commercial Surety from the company’s Houston office. “Jessica's experience, coupled with her extensive brokerage relationships will position Everest well in this growing ... Read the full article
31st July 2018
Bermudian reinsurer Everest Re Group, Ltd. has reported its second-quarter 2018 results, which reveals large growth in its reinsurance segment, as well as catastrophe losses related to 2017 storm events of almost $400 million. Everest Re's reinsurance segment expanded in the quarter by quite some margin. When compared with Q2 2017, ... Read the full article
20th July 2018
Bermuda-headquartered reinsurer Everest Re has announced that it expects to report a charge for net reserve adjustments of approximately $250 million for Q2 2018, in relation to prior year catastrophe events. The increase in estimates was mostly driven by reopened claims reported in the second quarter and loss inflation from higher ... Read the full article
12th July 2018
Global reinsurer Everest Re Group has announced the appointment of Patricia McMahon as Senior Vice President (SVP) and Chief Claims Officer, Everest Insurance. McMahon joined the Bermuda domiciled re/insurer in June last year as Head of Casualty from insurance giant AIG, and brings a unique depth of experience to the new role. She will report ... Read the full article
10th July 2018
Everest Insurance, a division of global reinsurer Everest Re Group, has appointed Chris Donlan to lead its Marketing & Distribution efforts for the Southeast region, based in Atlanta, Georgia. Donlan joined the firm in 2016 from insurer AIG, and had most recently been based in the firm's New York City office. He ... Read the full article
