Reinsurance News
Everest
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
Everest reinsurance delivers in Q2’25 as firm eyes strategic realignment
31st July 2025
Everest’s reinsurance segment again led the business in Q2 2025, posting $436 million in underwriting income and a combined ratio of 85.6%, despite $98 million in pre-tax aviation losses tied to the Russia–Ukraine war, which added 3.2 points to the ratio. Notably, catastrophe losses in Q2 2025 were relatively low at $20 million ... Read the full article
Everest Insurance appoints Josh Pillion as U.S. National Distribution Manager
30th July 2025
Global insurer and reinsurer Everest has announced the appointment of Josh Pillion as U.S. National Distribution Manager for Everest Insurance. Based in Los Angeles, Pillion will report to Craig Hanrahan, Head of Field Operations, North America. In this role, he will lead the development and execution of Everest’s national distribution strategy, focusing ... Read the full article
Everest appoints Catherine Soyka as AVP, Reinsurance Underwriting, Singapore
29th July 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced that Catherine Soyka is joining its team in Singapore as Assistant Vice President (AVP), Reinsurance Underwriting for Oceania. Soyka brings 15 years of industry experience to the role, with a strong track record in treaty underwriting across the Asia Pacific region. She ... Read the full article
Everest promotes Jill Beggs to CEO of Reinsurance
24th July 2025
Bermuda-based insurer and reinsurer Everest Group has promoted Jill Beggs to Executive Vice President (EVP) and Chief Executive Officer (CEO) of Reinsurance, following her appointment as Chief Operating Officer (COO) of the reinsurance arm early last year. Beggs was promoted to the Reinsurance COO role less than three years after ... Read the full article
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