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Everest Re

Reinsurance markets to remain healthy at mid-year renewals: Everest Re’s Doucette

15th May 2020

Everest Re is expecting the reinsurance markets to remain healthy at the upcoming mid-year renewals, despite uncertainties from the COVID-19 pandemic, according to John Doucette, EVP, President and CEO of the company’s Reinsurance Division. Speaking on a call alongside the release of Everest Re’s Q1 results, Doucette noted that the ... Read the full article

Everest Insurance names Sujal Patel as UK Head of Transactional Risk

12th May 2020

Everest Insurance, a division of Bermuda-based insurer and reinsurer Everest Re Group, Ltd., has appointed Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets. The re/insurer's Global Markets unit includes Everest Insurance Ireland, DAC, and Lloyd's of London Syndicate 2786. Patel brings over a decade of industry experience ... Read the full article

COVID-19 sees Everest Re’s Q1 profits plunge $338mn

7th May 2020

Global re/insurer Everest Re Group has reported a net income for the first quarter of $16.6 million, down from $354.6 million in the prior year quarter. After-tax operating income for the quarter was $164.4 million, compared to $282.4 million in 2019. Much like with other players in the re/insurance space, COVID-19 related ... Read the full article

Everest Re promotes Sharry Tibbitt to Deputy CUO for Reinsurance

4th May 2020

Global re/insurer Everest Re Group, Ltd. has announced the promotion of Sharry Tibbitt to Deputy Chief Underwriting Officer (CUO) for its Reinsurance division, reporting to Chris Downey, CUO for Reinsurance. In her new role, Tibbitt will work alongside Downey and closely with leadership across the reinsurance unit to both guide and ... Read the full article

Everest Re appoints Merkel as marketing & communications VP

1st May 2020

Bermuda-based re/insurer Everest Re Group has announced the appointment of Stephanie Merkel as vice president, marketing and communications. Merkel joins from Chubb where she served in a variety of senior marketing capacities within their North America operation. She will be responsible for leading the day to day activity of the marketing and ... Read the full article

Everest Insurance makes changes to Commercial Casualty leadership team

24th April 2020

Everest Insurance, a division of Everest Re Group, Ltd., has announced a number of promotions within its Commercial Casualty leadership team, with four U.S. domiciled underwriters becoming regional leaders. Frank Engle, who joined Everest Insurance in 2018 in the Atlanta office, has been appointed Vice President & Regional Leader for the ... Read the full article

Everest Re sees $150m of Q1 COVID-19 claims, mostly from reinsurance

24th April 2020

Bermuda domiciled reinsurer Everest Re Group, Ltd. has announced estimated pre-tax net first party losses of $150 million in Q1 for claims related to the COVID-19 coronavirus pandemic. The reinsurer says that the majority of the losses are expected to come from its reinsurance operation. Overall, Everest Re expects its first-quarter ... Read the full article

Ralph van Helden joins Everest Insurance from Lloyd’s

21st April 2020

Everest Insurance, a division of Bermuda-based Everest Re Group, Ltd., has appointed Ralph van Helden as the Business Development Director for Everest Global Markets, which includes Everest Insurance (Ireland), DAC (EIID), and Lloyd's of London Syndicate 2786. He takes responsibility for developing and deepening regional relationships with Everest Insurance's broker partners, ... Read the full article

Everest Re adds Poracchia as CFO of Global Markets division

14th April 2020

Bermuda-based re/insurer Everest Re Group has appointed Alex Poracchia as international chief actuary and Chief Financial Officer of its Global Markets division. Prior to joining Everest, Poracchia spent nearly eight years at Deloitte UK as a partner within the firm’s Actuarial, Reward and Analytics practice predominantly supporting international clients' Audits, M&A ... Read the full article

Everest Re promotes Mango to Group Chief Risk Officer and Chief Actuary

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

Chris Downey to take over as Everest Re’s Bermuda CEO

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

Everest Re continues to see opportunity in casualty, says CEO

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

Everest Re is optimistic but mindful of “choppy waters”, says John Doucette

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

Everest Re falls to Q4 underwriting loss but operating income up

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

Everest Insurance to offer workers’ comp through Dovetail’s online platform

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

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