Reinsurance News
Everest Re
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
Everest Re names Catherine Rudow as Global Head of Cyber Reinsurance
9th September 2022
The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has appointed Catherine Rudow to the newly created role of Global Head of Cyber Reinsurance. Rudow assumes responsibility for strategically expanding the company's cyber reinsurance business, driving consistent underwriting best practices and guidelines across the division. She will also be ... Read the full article
Everest Re appoints Cherie Dill as Head of Actuarial Pricing, International
6th September 2022
Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of Cherie Dill as Head of Actuarial Pricing, International. Prior to this appointment, Dill was Vice President of Actuarial at Everest Re and was based in Burmuda. Dill commented on her new position, stating, “I am very much looking ... Read the full article
Everest Re hires Bogardus to lead APAC business development
30th August 2022
Everest Reinsurance, the reinsurance division of Everest Re Group, has announced the appointment of Kevin Bogardus as Senior Vice President, Head of Business Development Asia Pacific, effective September 8, 2022. In this newly created role, he will lead the expansion into the Asia Pacific region, focused on growing Everest Re’s reinsurance ... Read the full article
Munich Re remains the world’s largest reinsurance company
17th August 2022
After taking the top spot last year, global reinsurer Munich Re remains the world's largest reinsurance company, with gross life & non-life reinsurance premiums written of more than $46.8 billion in 2021, as shown by our directory of the Top 50 Global Reinsurance Groups. The directory is ... Read the full article
Everest Re expects further market improvements at 1/1
3rd August 2022
Juan Andrade, President, CEO and Director of Bermuda-based reinsurer Everest Re, has said that he expects further improvements in the reinsurance market going into the January 2023 renewal period. Speaking on an earnings call alongside the release of Everest Re’s Q2 results, Andrade addressed the issue of market conditions through the ... Read the full article
Everest Re reports £386m net operating income in Q2 2022
28th July 2022
Everest Re is reporting $386m in net operating income for Q2 2022, alongside 15.3% annualised operating ROE, and net income of $123m. The firm also revealed in a statement that it had over $3.4bn in gross written premiums over the same period, with year-on-year growth of 8.1% for the Group (10.3% ... Read the full article
Top US P&C underwriters saw robust premium growth in 2021
18th July 2022
The top 10 U.S. property & casualty (P&C) underwriters, based on net premiums written, remained unchanged in 2021 when compared with the previous years, while Munich Re Americas moved four places to 15th, making it the highest ranked reinsurer on the list. Our directory of the Top ... Read the full article
Everest Re names Joe Stuhl SVP of Global Distribution
27th June 2022
Everest Reinsurance has appointed Joe Stuhl as Senior Vice President of Global Distribution, where he will report to Anthony Izzo, Global Head of Facultative and Distribution at the firm. Within this newly created role, Stuhl will lead the reinsurance organisations global distribution strategy. In addition, he will also be responsible for deepening ... Read the full article
Everest Re appoints Brent Hoffman to triple-pronged role
23rd June 2022
Everest Reinsurance has appointed Brent Hoffman as senior vice president, head of claims, and COO, joining the firm at the end of July. Hoffman will have dual responsibility for overseeing key aspects of business operations and leading the global reinsurance claims function. He will report directly to Jim Williamson, chief operating ... Read the full article