Reinsurance News
Everest Re
Everest Re appoints Rui Tang to portfolio management role
22nd June 2022
Bermuda domiciled insurer and reinsurer, Everest Re, has appointed Rui Tang as Director, Portfolio Management and Analysis, based in its New York offices. Tang joins from AIG where he has spent the entirety of his insurance career so far. He joined AIG in 2013, becoming first a Senior Actuarial Assistant, and later ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
Everest Re hires David Harris as SVP, Chief Reserving Actuary
25th May 2022
Everest Re has announced that David Harris has joined the company as Senior Vice President (SVP), Chief Reserving Actuary. Harris succeeds Ellen Edmonds, and will report to Everest Group Chief Operating Officer and Head of Reinsurance, Jim Williamson. Within his new role, Harris will lead the company’s global reserving strategy, aligning the ... Read the full article
Everest Re hires Matthew Rohrmann as SVP, Head of Investor Relations
23rd May 2022
Bermuda-based Everest Re has announced that Matthew Rohrmann has joined the company as Senior Vice President, Head of Investor Relations. Rohrmann succeeds Jon Levenson and will report directly to Everest Executive Vice President & Chief Financial Officer, Mark Kociancic. Within his new role, Rohrmann will focus on deepening Everest’s engagement with the ... Read the full article
Mt. Logan Re hires Youssef Sfaif as COO
11th May 2022
Mt. Logan Re, Ltd. the third-party capital arm of Bermuda-based reinsurer Everest Re, has appointed Youssef Sfaif as Chief Operating Officer (COO), effective July 1, 2022. Sfaif joins Mt Logan at an important time in the company’s growth and expansion and will report directly to John Modin, President of Mt. Logan. Sfaif ... Read the full article
Everest Reinsurance names Jiten Voralia to new role
10th May 2022
Everest Reinsurance has named Jiten Voralia as its incoming senior vice president and head of treaty casualty and surety. Voralia will begun his new role on 6 June and will report directly to Jill Beggs, head of North America reinsurance. Beggs said in a statement: “We are thrilled to welcome Jiten to ... Read the full article
Everest Re still ‘very much a leader’ in property catastrophe: COO Williamson
5th May 2022
Bermuda-based Everest Re has been expanding its casualty book of business as it further diversifies in reinsurance, but despite the evolving business mix, the carrier remains a leader in the property catastrophe market, according to Chief Operating Officer (COO), Jim Williamson. The composition of Everest Re's P&C portfolio ended the first ... Read the full article
Everest’s P&C reinsurance book roughly an even split: COO Williamson
4th May 2022
As re/insurer Everest Re continues to reduce volatility in its portfolio by cutting its property catastrophe exposure, the firm's P&C reinsurance book is now comprised of business split closer to 50/50 between property and casualty, according to Jim Williamson, Group Chief Operating Officer (COO). Last week, the Bermuda-based carrier announced ... Read the full article
Everest Re reports stronger re/insurance underwriting result as cat load falls
28th April 2022
Bermuda domiciled insurer and reinsurer, Everest Re Group, has reported a strong start to 2022 with net income of $298 million and an improved combined ratio of 91.4%, while premiums across the group spiked by 9%. While positive, net income did fall from the $342 million posted a year earlier, while ... Read the full article
Everest Re makes appointments for Reinsurance Canada
26th April 2022
Everest Reinsurance, the reinsurance division of Everest Re Group Ltd. has announced the promotion of Scott Paddington to Chief Agent and Chief Underwriting Officer of Everest Reinsurance Canada, as well as the appointment of Russ Lewis to Chairman of the same branch. Within their new roles, both Paddington and Lewis will ... Read the full article
Everest deepens middle market expertise with new property insurance product
14th April 2022
Everest Insurance, part of Bermuda-based Everest Re Group, has announced the launch of a new commercial property insurance product – Middle Market Property. This new product offering from Everest is designed to serve the unique and unmet needs of middle market customers. The launch of Middle Market Property will position Everest to ... Read the full article
Mt. Logan Re appoints McBride to Global Head of Marketing and Business Development
5th April 2022
Mt. Logan Re Ltd, the third-party capital arm of Everest Re, has appointed Greg McBride to the newly created position of Global Head of Marketing and Business Development. In addition, the company also announced the retirement of Board Member David Whiting, who joined the company in 2013 and played a critical ... Read the full article
Property cat pricing hasn’t improved enough to justify the exposure: Everest Re CEO Andrade
11th February 2022
Property catastrophe reinsurance pricing has been on the rise for some time now, but when you consider the impacts of consecutive above-average years of natural disaster events and losses, exacerbated by climate change, it simply hasn't moved enough, according to Juan Andrade, President and Chief Executive Officer (CEO) of Everest ... Read the full article
Everest Re strengthens combined ratio as GWP rises 25%
10th February 2022
Bermuda-based Everest Re has reported underwriting income of $228 million for the fourth quarter of 2021, alongside a 25% rise in gross written premiums (GWP) across the Group driven by growth in both its insurance and reinsurance segments. In the quarter, Everest Re achieved a solid underwriting gain in spite of ... Read the full article
Everest Re signs UN Principles for Sustainable Insurance
26th January 2022
Bermuda-based Everest Re Group has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global framework for a sustainable insurance industry developed through partnership between risk management leaders and the United Nations Environment Programme Finance Initiative. The company is one of 12 Bermuda or North American-based insurance ... Read the full article