Reinsurance News
Everest
Jason Koh joins Everest Re from Swiss Re to lead APAC Financial Risk
21st March 2025
Everest Reinsurance, part of Bermuda-based Everest Group, has confirmed the appointment of Jason Koh from large European reinsurer Swiss Re as Head of Financial Risk, Asia Pacific (APAC). Koh joined Everest Reinsurance last month following more than seven years with Swiss Re, where he most recently served as Vice President, Senior ... Read the full article
Everest appoints Aon’s Giacomo Mariani to lead Insurance business in Italy
11th March 2025
Global reinsurance and insurance firm Everest has announced the appointment of Giacomo Mariani to lead its Insurance business in Italy, following the opening of its Milan office in November 2024. In his new role, Mariani will report to José Ramón Morales, Head of Southern Europe at Everest Insurance International. Mariani brings ... Read the full article
Everest adds John Howard to Board of Directors
7th March 2025
Global insurer and reinsurer Everest Group, Ltd., has appointed John Howard as an independent, non-executive member of its Board of Directors, effective immediately. Howard is an industry veteran with over three decades of insurance and senior executive leadership experience at top financial services organisations. Most recently, he was Chief Executive Officer (CEO) ... Read the full article
Mt. Logan Capital Management names Sun Siang Liew as Chief Analytics Officer
4th March 2025
Mt. Logan Capital Management, Ltd., the third-party capital management arm of Everest Group, Ltd., has announced the appointment of Sun Siang Liew as Chief Analytics Officer. In this role, Liew will oversee portfolio management and actuarial analytics, reporting directly to John Modin, CEO of MLCM. “I am pleased to welcome Sun to ... Read the full article
Everest Insurance Intl. appoints AIG’s van Keimpema Head of Liability & Industry Practices
13th February 2025
Eelco van Keimpema has been appointed Head of Liability and Industry Practices, Europe for Everest Insurance International, part of global insurer and reinsurer Everest. van Keimpema, who has over two decades of industry experience, is joining Everest following 16 years at AIG, where he most recently served as Head of Casualty ... Read the full article
Property cat rates still above what Everest needs to deploy in most markets: CEO, Williamson
4th February 2025
Despite property catastrophe reinsurance prices falling between 5% and 15% for loss free programmes at the January 1st, 2025, renewals, Jim Williamson, President and Chief Executive Officer (CEO) of Bermuda-based carrier Everest, has said that overall, rates are still above what's required for the firm to have appetite to deploy ... Read the full article
Everest’s record 2024 investment income offsets adverse US casualty reserve development
4th February 2025
Everest has reported a record net investment income of around $2 billion in its full-year 2024 results, with gross written premiums rising to $18.2 billion, up 9.1% year-over-year, driven by growth in its Reinsurance and Insurance segments. The firm's full-year 2024 combined ratio stood at 102.3%, with a Reinsurance segment combined ... Read the full article
Everest reports total reserve strengthening of $1.7bn for 2024
28th January 2025
Global re/insurer Everest Group, Ltd. has revealed that it expects to record full year 2024 net income of between $1.3 billion and $1.4 billion, despite total reserve strengthening across the business of $1.7 billion for the year. Alongside the net income range, Everest expects to generate non-GAAP net operating income in ... Read the full article
Everest appoints Jim Williamson as permanent Chief Executive Officer
23rd January 2025
The Board of Directors of Everest Group, Ltd., a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has appointed Jim Williamson as President and Chief Executive Officer (CEO), effective immediately. Williamson is a market veteran with over two decades of industry experience and has served in roles ... Read the full article
Everest partners with MGA RedRay to expand Medical Malpractice coverage in Asia
15th January 2025
Everest International Reinsurance Limited (EIS), Singapore branch, has appointed Managing General Agent (MGA) RedRay to quote and bind policies for Medical Malpractice Liability Insurance and associated coverages in Asia. EIS received regulatory approval to appoint RedRay as its underwriting agent, authorising them to quote and bind policies for a wide range ... Read the full article
Williamson becomes Acting CEO of Everest following Andrade’s move to USAA
9th January 2025
Bermuda-based re/insurer Everest Group has announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, has been appointed Acting CEO and joined its Board of Directors with immediate effect, following the departure of Juan C. Andrade, who, after serving as President and CEO since 2020, is set to ... Read the full article
Regulatory nod paves way for Everest’s expansion into Italy
26th November 2024
Bermuda-based re/insurer Everest Group, Ltd. has announced its expansion into the Italian market, following regulatory approval to operate in the country under the name Everest Insurance (Ireland) DAC, Succursale Italiana. The launch in Italy follows Everest’s recent expansion into other key international markets, including Australia, Colombia and Mexico. Headquartered ... Read the full article
Everest names Emily Davis as Head of Reinsurance Global Specialties
8th November 2024
Everest Reinsurance, the reinsurance division of Bermuda-domiciled Everest Group, Ltd., has appointed Emily Davis to lead its Global Specialties business, reporting line to Jill Beggs, Reinsurance Executive Vice President and Chief Operating Officer. The firm's Global Specialties segment includes Aviation, Marine, Cyber, Engineering, and Parametric Solutions. Most recently, Davis served as Everest ... Read the full article
Property cat reinsurance rates to be up 5-10% in US & Europe at Jan 1: Everest CEO Andrade
31st October 2024
Executives at global insurer and reinsurer Everest Group said today that they expect property catastrophe reinsurance pricing in the US and Europe to be up by as much as 10% heading into the January 1st, 2025, renewals, following the impacts of hurricanes Helene and Milton in Florida and the severe ... Read the full article
Everest delivers solid Q3’24 underwriting result as reinsurance GWP rises to $3.3bn
31st October 2024
Bermuda-based re/insurer Everest Group, Ltd. generated underwriting income of $272 million in the third quarter of 2024, driven by the strong performance of its reinsurance business in spite of elevated catastrophe losses. Everest has reported a solid set of results for the third quarter, with net income of $509 million and ... Read the full article
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