Reinsurance News
Everest Re
Everest Re appoints Jon Levenson as Head of Investor Relations
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
Everest Re achieves further global growth, as it profits despite Q3 catastrophes
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
Everest Re anticipating $240m Q3 catastrophe losses
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
Everest Insurance appoints Vice President of Commercial Surety from Aspen
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
Everest Re significantly grows reinsurance segment in Q2
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
Everest Re expects reserve charges to hit Q2 results
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
Patricia McMahon named SVP, Chief Claims Officer, Everest Insurance
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
Chris Donlan to lead Everest Insurance’s Marketing & Distribution, Southeast region
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
Everest Re hires Georgios Toulkeridis from Swiss Re as Head of Aerospace
5th July 2018
Everest Re Group has appointed Georgios Toulkeridis, former Head of Aviation and Space R/I at Swiss Re, as Global Head of Aerospace Reinsurance. Toulkeridis will join Everest’s Zurich office, and will be tasked with leading the development and execution of its underwriting strategy for Aviation and Space. Additionally, he will be responsible ... Read the full article
Transportation & Logistics unit launched within Everest Insurance
26th June 2018
Bermudian reinsurer Everest Re Group has announced the launch of a new Transportation and Logistics business unit within its primary insurance arm, Everest Insurance, led by Jeff Engelbrecht. According to an announcement on its launch, the new segment will offer clients a range of coverage lines, including Workers' Compensation, Employers' Liability, ... Read the full article
Everest Re appoints Eric Koppang as new Vice President, Head of E&S
13th June 2018
Everest Re Group (Everest) has announced the appointed of Eric Koppang as its new Vice President (VP) and Head of Excess and Surplus (E&S) Casualty. While based out of Everest’s Chicago office, Koppang will report to Head of Speciality Casualty, Connie Germano. He will be responsible for developing new products, product enhancements, ... Read the full article
Darin Scanzano named CEO of Everest Insurance, Canada
7th June 2018
Bermudian insurer and reinsurer Everest Re Group, Ltd. has announced that Darin Scanzano has been appointed Chief Executive Officer (CEO) of Everest Insurance Company of Canada, effective later this summer. He will report to David Sandler, Head of the Everest Insurance® Risk Management Group, and will based in the company's Toronto, Canada office. Sandler, commented: ... Read the full article
Everest Re partners with tech firm on updated safety platform ZERO
1st June 2018
Everest Re Group has partnered with technology firm Salus Systems, LLC on an updated version of its safety communication platform ZERO, a real-time sharing platform that allows employees to actively contribute to their company’s safety programme. ZERO 2.0 now includes several enhanced features, such as a comprehensive dashboard, live-chat capabilities, bulletin ... Read the full article
Suzanne Sandusky joins Everest Insurance’s Risk Management Group as VP
29th May 2018
Everest Re has announced that Suzanna Sandusky has joined Everest Insurance as a Vice President (VP) within its Risk Management Group, where she will oversee underwriting and provide flexible, customised primary casualty solutions in the large account marketplace. Sandusky joins from Oswald Companies, having worked as Market Leader for Global Accounts, ... Read the full article
M&A activity is driving reinsurance demand, says Everest Re CEO
30th April 2018
Dominic Adesso, President and Chief Executive Officer (CEO) of Everest Re, has said that the company has experienced an increase in demand for reinsurance from larger primary insurers, driven by increased mergers and acquisitions (M&A) activity in the sector. Everest Re has also seen cedants increasingly turn to reinsurance solutions to ... Read the full article