Reinsurance News
Everest
Elias Habayeb to succeed Mark Kociancic as Everest Group CFO
21st November 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Elias Habayeb as Executive Vice President (EVP) and Group Chief Financial Officer (CFO), effective on or around May 1st, 2026. He succeeds Mark Kociancic, who has decided to retire from the company after five years of service following the first quarter reporting cycle. ... Read the full article
Everest names Jason Keen to lead Global Wholesale and Specialty Insurance
20th November 2025
Everest, a provider of reinsurance and insurance solutions, has announced the appointment of Jason Keen as the new leader of its Global Wholesale and Specialty Insurance division. The company, known for its broad underwriting capabilities and international presence, continues to refine its structure as it positions itself for sustained growth across ... Read the full article
Gary Haase joins Everest as CEO of Legacy Operations
18th November 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Gary Haase as Executive Vice President (EVP) and Chief Executive Officer (CEO) of Legacy Operations, effective December 1st, 2025. Haase reports to Jim Williamson, Everest’s President and CEO, and will join the re/insurer's executive leadership team. In the new role, Haase will lead the ... Read the full article
Everest renewal rights deal a “great opportunity to grow faster”: AIG, Jon Hancock
5th November 2025
Jon Hancock, EVP & CEO of International Commercial and Global Personal Insurance at AIG, said the recent renewal rights deal with Everest is a great opportunity to accelerate growth for AIG’s already robust commercial business, while also benefiting brokers and clients. In October 2025, Everest Group entered into definitive agreements ... Read the full article
Everest gets revised negative outlook from AM Best following Q3’25 reserve charges
30th October 2025
Credit ratings agency AM Best has revised the outlooks of Everest Group, Ltd. and its operating subsidiaries to negative from stable, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior). At the same time, Everest Group, Ltd. and Everest ... Read the full article
No basis to expect Everest’s casualty reinsurance to mirror insurance portfolio: CEO Williamson
29th October 2025
Jim Williamson, Chief Executive Officer (CEO) of global insurer and reinsurer, Everest Group, said yesterday that there's no reason to expect the firm's casualty reinsurance portfolio to perform in the same way as its "bottom quartile" primary casualty book. This week, Everest reported its third quarter 2025 financials, revealing a ... Read the full article
Everest will look to take risk in still favourable property cat market: CEO Williamson
28th October 2025
Jim Williamson, President and Chief Executive Officer at Bermudian insurer an reinsurer, Everest, characterised the property catastrophe reinsurance market as a “still very favourable environment,” describing it as well-priced and a risk the company is looking to take. During Everest’s third quarter 2025 earnings call, Williamson discussed market pricing, competition, and ... Read the full article
Everest’s reinsurance arm posts positive Q3’25 result but reserve strengthening dents Group performance
28th October 2025
Bermuda-based insurer and reinsurer, Everest Group, has reported an underwriting loss of $130 million for the Group in its third quarter 2025 results, as the strong performance of its reinsurance business was more than offset by the impacts of strengthening its US casualty reserves in its insurance and other segments. Everest ... Read the full article
Everest enters $1.2bn adverse development reinsurance deal with Longtail Re
28th October 2025
Bermuda-based insurance and reinsurance firm Everest has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group, with the cover composed of two layers in excess of the $5.4 billion of North America Insurance and Other segment liability ... Read the full article
AIG to acquire renewal rights for majority of Everest’s commercial retail businesses
28th October 2025
Bermuda-domiciled insurer and reinsurer Everest Group has entered into definitive agreements to sell the renewal rights for its U.S., U.K., European, and Asia Pacific Commercial Retail businesses to American International Group, Inc. (AIG), subject to regulatory approvals. The renewal rights of these businesses total an estimated $2 billion of aggregate gross ... Read the full article
Everest names Anthony Vidovich as EVP and General Counsel
22nd October 2025
Bermuda-domiciled insurer and reinsurer Everest Group has appointed Anthony Vidovich as Executive Vice President (EVP) and General Counsel, effective on or before January 5th, 2026. He succeeds Ricardo Anzaldua, who, as previously announced, will retire following a transition period to ensure a seamless handover of responsibilities. In his new role, Vidovich will report ... Read the full article
Everest opens new office in India GIFT City to boost APAC business
22nd September 2025
Everest Reinsurance, the reinsurance division of Everest Group, is opening a new office in Gujarat International Finance Tec-City (GIFT City), India, following regulatory approval from the International Financial Services Centres Authority (IFSCA). Everest explained that this new office underscores its long-term strategy to diversify geographically, deepen local client engagement, and expand ... Read the full article
Everest the top Bermuda reinsurer in 2024 with GWP of $12.9bn: AM Best
27th August 2025
Bermuda’s reinsurance sector maintained its global prominence in 2024, with several of its leading players climbing the premium rankings for non-IFRS 17 reporters, according to data from global rating agency AM Best. Our directory of the top 50 global reinsurers, based on AM Best's data, reveals that Everest is the ... Read the full article
Everest Insurance International appoints James McPartland as Head of Property, Asia
4th August 2025
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed James McPartland as Head of Property, Asia. McPartland brings over 15 years of industry experience to the role. He joined Everest in January 2024 as a Senior Property Underwriter. Prior to that, he spent more than six ... Read the full article
Reinsurance rates remain strong in ‘very hard’ property cat market: Everest CEO
31st July 2025
Jim Williamson, CEO of Bermuda-based insurance and reinsurance company Everest, has disregarded talk of a soft property cat market, describing rates as very strong and the market as very hard while discipline has been maintained. During Everest’s second quarter 2025 earnings call, Williamson firmly pushed back against suggestions that the ... Read the full article
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