Reinsurance News
Everest Re
Solid underwriting & investment return drives improved result for Everest Re
30th July 2019
Bermudian reinsurer Everest Re Group has reported a significant increase in net income to $342.9 million for the second-quarter of 2019, driven by a solid underwriting and investment performance. For the second-quarter of 2019, Everest Re's net income increased by a huge 391% from the $69.9 million recorded in the second-quarter ... Read the full article
Joshila Tailor joins Everest Insurance from Charles Taylor
15th July 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re Group, Ltd., has hired Joshila Tailor as the Global Head of Fine Art and Specie for Everest Insurance International, which includes Everest Insurance Ireland, dac. and Lloyd's Syndicate 2786. Tailor brings more than two decades of industry experience to the role, all ... Read the full article
Everest Re adds Meryl Hartzband to Board of Directors
24th May 2019
Global reinsurer Everest Re Group has appointed Meryl Hartzband to its Board of Directors. A founding partner of Stone Point Capital, Hartzband served as the firm's Chief Investment Officer from 1999 to 2015. Prior to joining Stone Point, she was a Managing Director at J.P. Morgan & Co., specialising in private equity ... Read the full article
Everest Re CEO Addesso encouraged by rational response to market issues
14th May 2019
The President and Chief Executive Officer (CEO) of Bermuda-based reinsurer Everest Re, Dominic Addesso, is encouraged by how the reinsurance industry is responding to recent loss activity and trends. On the back of consecutive years of increased re/insured catastrophe losses, intense competition and significant pressure on rates, first-quarter 2019 commentary from ... Read the full article
Everest Re’s combined ratio strengthens to 88.7% in Q1 2019
7th May 2019
Bermuda-based reinsurer Everest Re Group, Ltd. saw its net income increase from $210.3 million to $348.9 million in the first-quarter of 2019, with growth occurring in both insurance and reinsurance. Overall, gross written premiums jumped 10% in Q1 2019 when compared with the prior year quarter, totalling $2.1 billion. Globally, reinsurance ... Read the full article
Sharone Menczel Poopor joins Everest Insurance as VP, Structured Solutions
12th April 2019
Everest Insurance, a division of Bermuda-based reinsurer Everest Re, has appointed Ironshore's Sharone Menczel Poopor as a Vice President (VP) within its Structured Solutions group. Based in the firm's Liberty Corner, NJ office, she will be responsible for underwriting unusual and complex risks, offering clients a range of bespoke underwriting solutions. She ... Read the full article
Everest Insurance appoints Taute to Distribution leadership role
10th April 2019
Everest Insurance, the specialty insurance arm of Bermuda-based reinsurer Everest Re Group, Ltd., has appointed Rick Taute as Vice President (VP), Marketing & Distribution and National Wholesale Distribution Leader for insurance. In his new role, Taute will be based in the insurance division's Boston, Massachusetts office. Most recently, Taute served as Executive ... Read the full article
Everest Insurance launches enhanced multinational product offering
8th April 2019
Everest Insurance, the specialty insurance arm of Everest Re Group, has launched an enhanced version of its Everest Alpine Insurance offering. Everest Alpine Insurance can provide internationally exposed clients with General Liability, Contingent Auto Liability, Business Travel Accident, Foreign Voluntary Workers’ Compensation, Kidnap/Ransom/Extortion, and Commercial Property. Enhancements to the offering include expanded ... Read the full article
Everest Insurance promotes Dane Lopes to Chief Commercial Officer
3rd April 2019
Everest Insurance, the specialty insurance arm of Bermudian reinsurer Everest Re Group, Ltd., has revealed that Dane Lopes has been appointed to the expanded position of Chief Commercial Officer. Lopes joined Everest Insurance in 2015 and has since served as Head of Sales and Distribution. During this time, his responsibilities have ... Read the full article
The recipe is there for a positive renewal: Addesso, Everest Re
19th February 2019
In many instances, pricing for catastrophe reinsurance business has not firmed as much as needed, but certain factors suggest a stronger market moving forward, according to Dominic Addesso, President and Chief Executive Officer (CEO) of Bermudian reinsurer, Everest Re. Everest Re fell to a net loss of more than $380 ... Read the full article
High cat losses drive Q4 net loss for Everest Re
12th February 2019
Bermuda-based reinsurer Everest Re Group, Ltd., fell to a net loss of $382.3 million in the fourth-quarter of 2018 as catastrophe losses spiked to $875 million, driven mostly by hurricane Michael, the California wildfires, and a hailstorm event in Australia. The Q4 net loss compares to net income of $571 million ... Read the full article
Everest Re estimates Q4 losses at $695m
25th January 2019
Bermuda-headquartered reinsurer Everest Re Group has announced Q4 catastrophe losses of $695 million, a figure net of reinsurance, reinstatement premiums and taxes. The group states that these Q4 losses can primarily be attributed to hurricane Michael, the Camp and Woolsey California wildfires, and hailstorms which hit Australia in December. Michael made landfall ... Read the full article
Everest Re CEO Dominic Addesso to retire
8th January 2019
Bermuda headquartered insurance and reinsurance firm Everest Re Group, Ltd. has announced that its current President and Chief Executive Officer (CEO) Dominic J. Addesso is set to retire at the end of 2019. The re/insurer's Board announced that Addesso will not continue with the firm beyond his current contract term. Addesso informed ... Read the full article
Everest Insurance Canada names Kevin Pinto CUO
10th December 2018
Everest Re Group has announced the appointment of Kevin Pinto to the role of Chief Underwriting Officer at Everest Insurance Company of Canada (EvCan). In his new role, Pinto will be responsible for overseeing the underwriting strategy for the various EvCan underwriting units, implementing and promoting best practices throughout the organisation, ... Read the full article
Everest Re optimistic about 2019 renewals, reports Goldman Sachs
30th November 2018
Global reinsurer Everest Re is optimistic about the pricing outlook for reinsurance renewals over 2019, anticipating rate increases across property catastrophe, specialty and casualty lines, according to analysts at Goldman Sachs. After a series of meetings with Everest Re’s management, including its CEO, CFO and presidents of the Reinsurance and Insurance ... Read the full article