Reinsurance News
Everest Re
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
Everest Re pegs Q4 catastrophe losses at $215 million
31st January 2020
Bermuda-based reinsurer Everest Re has said that it expects its fourth-quarter 2019 results will include catastrophe losses, net of reinsurance and reinstatement premiums, of $215 million, mostly driven by the impact of Typhoon Hagibis in Japan. A significant $190 million, or 88% of the reinsurer's Q4 catastrophe losses are attributable to ... Read the full article
Everest targets smaller law firms via new program with Embroker
27th January 2020
Everest Insurance, a division of Bermuda-based insurer and reinsurer Everest Re Group, Ltd., has announced plans to offer an online Lawyers' Professional Liability program via a new partnership with insurance brokerage, Embroker. The new online program is for law firms with up to ten employed attorneys, and, through Embroker's digitized platform, ... Read the full article
Everest Re hires Artur Klinger from NewRe to head up Continental Europe
21st January 2020
Global reinsurance and insurance firm Everest Re has announced the high profile hiring of Artur Klinger to the role of Head of Continental Europe, succeeding the retiring Stephan Knipper. Artur Klinger is set to join the Everest Reinsurance Division in mid-to-late 2020, taking on the role of Managing Director of Continental ... Read the full article