Reinsurance News
Everest Re
Everest Re is the reinsurance arm of Everest Group, a global re/insurer headquartered in Bermuda. Everest operates in in over 115 countries across 6 continents, providing insurance and reinsurance solutions to its clients.
Read our Everest Re reinsurance news below.
Growing opportunities and portfolio diversification at upcoming renewals: Everest Re
13th February 2023
With the completion of the January 1 renewals, Everest Re has headed into 2023 with an improved portfolio and expanded margins, said the re/insurer’s President and Chief Executive Officer, Juan Andrade. Looking forward to future opportunities at upcoming renewals, Andrade noted that the firm expects reinsurance pricing momentum to continue, as ... Read the full article
Everest Re’s net income rises as underwriting improves
9th February 2023
Bermuda-based reinsurer Everest Re Group has reported a 4.1 percentage point improvement in its combined ratio in the fourth quarter of 2022 to 87.8%, as net income and operating income increased to $496 million and $478 million, respectively. The company's Q4 net income rose from the $431 million a year earlier, ... Read the full article
Timothy Powell joins Everest Insurance as Head of Financial Lines
24th January 2023
Everest Insurance, the primary insurance division of Everest Re Group, has announced the appointment of Timothy Powell as Head of Financial Lines. According to the announcement, he will succeed Christian Colombera who will assume the role of Managing Director of Australia & Head of the Pacific Region, pending regulatory approval. Powell brings ... Read the full article
Everest Re names Bobby Kwan APAC Senior Treaty Underwriter
12th January 2023
Everest Reinsurance, the reinsurance division of Everest Re Group, has appointed Bobby Kwan as Vice President, Senior P&C Treaty Underwriter for Asia Pacific region, a role based in Singapore. With over three decades of underwriting and management experience, Kwan has an extensive track record in developing, building & managing treaty business ... Read the full article
Everest Re appoints Srini Maddineni as Group Chief Information Officer
6th January 2023
Bermuda-based re/insurer Everest Re Group, Ltd., has announced that Srini Maddineni, Everest’s SVP and Global CIO for Insurance and Reinsurance Systems, will succeed Terry Walker as Group CIO. Maddineni is set to take up the role on January 16 and will report to Jim Williamson, Everest Group Chief Operating Officer. Walker, meanwhile, ... Read the full article
Hazel McNeilage appointed to Everest Re Board of Directors
16th November 2022
Bermuda-based re/insurer Everest Re Group, Ltd., has announced the appointment of Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately. McNeilage has 40 years of global financial services experience with specialisation in investment management, distribution, business and technology transformation, international regulation and governance. Andrade, Everest President and ... Read the full article
David Mann to lead Everest Reinsurance UK Casualty team
9th November 2022
Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of David Mann as Vice President, Head of Casualty for Everest Reinsurance (Bermuda) for the UK Branch. In his new role, Mann will lead the growth of the London Casualty Treaty portfolio and Professional Lines, supporting the company’s ... Read the full article
“Tremendous” market opportunity heading into 2023, says Everest Re
28th October 2022
Everest Re President and CEO, Juan Andrade, and Jim Williamson, Group COO and Head of Reinsurance, see a host of significant opportunities for growth in 2023, noting that Everest is very well positioned to take full advantage of them. Andrade cited Everest's strong client and broker relationships that the firm has ... Read the full article
Everest Re reports net operating loss of $205m in Q3
27th October 2022
Everest Re has reported its Q3 2022 results, saying that it suffered a net operating loss of $205m, with a net loss of $319m. The losses, said the firm in a statement, were driven by an active catastrophe quarter and volatile market conditions. However, it also said that it had seen ... Read the full article
Everest Re estimates $730m of Q3 catastrophe losses, $600m from Ian
20th October 2022
Global insurance and reinsurance group Everest Re has pre-announced an estimated $730 million of catastrophe losses for the third-quarter of 2022, $600 million of which are related to hurricane Ian. For hurricane Ian, Everest Re said that its loss estimate is based on an insurance industry-wide loss pick of approximately $55 ... Read the full article
Everest Re hires Shawn Austin as Head of A&H for North America
17th October 2022
Everest Re Group Ltd. has appointed Shawn Austin as Senior Vice President, Head of Accident and Health for North America, effective October 24, 2022. Within this role, Austin will be based in New York where he will report directly to Everest Group COO and Head of Reinsurance - Jim Williamson. Austin will ... Read the full article
The world needs a new reinsurance industry that has more respect for its capital: Albert Benchimol
14th October 2022
The global reinsurance industry is undoubtedly a vital part of the risk value chain, but it needs to go back to basics and avoid the mistakes of the last five to 10 years, according to industry experts. Speaking yesterday on the final panel of the opening day of ILS Bermuda's 2022 ... Read the full article
Everest Reinsurance promotes Jacobsen & Wallace to leadership roles
15th September 2022
The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has announced a couple of promotions within its international division. Harald Jacobsen has been named as Senior Vice President, Head of Continental Europe. Additionally, he will take on the role of Branch Manager Zurich of Everest Reinsurance Company Ireland ... Read the full article
Everest “well-positioned” for growth ahead of highly promising 1/1: Jim Williamson
14th September 2022
Everest Re's Chief Operating Officer and Head of Reinsurance, Jim Williamson, spoke with Reinsurance News to share his thoughts on Everest's major international expansion plans, as well as the Florida property market, and the upcoming renewals. Williamson said: “As a go-to-market for all reinsurance purchases around the world with cedents in ... Read the full article
Everest working hard to seize opportunities in reinsurance: Jim Williamson
13th September 2022
With a risk horizon that is constantly shifting and challenging the industry in advanced ways, Chief Operating Officer and Head of the Reinsurance division at Everest Re, Jim Williamson, discusses the firm's approach to navigating said risks, alongside strategies for maximising growth while reducing volatility. Reinsurance News spoke with Williamson around ... Read the full article
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