Reinsurance News
Everest
Everest names Glen Browne as Global Head of Accident & Health
21st December 2023
Everest Group, Ltd., a global underwriting leader specialising in property, casualty, and specialty reinsurance and insurance solutions, has announced the immediate appointment of Glen Browne as the Global Head of Accident & Health (A&H). In his new role, Browne will report directly to Adam Clifford, co-lead of Everest Insurance International. Mike Karmilowicz, ... Read the full article
Everest names Muné COO, Latin America, Insurance International
21st December 2023
Everest has appointed Soledad Muné as Chief Operating Officer, Latin America, Everest Insurance International, effective January 1, 2024. Muné has almost two decades of industry experience and joined Everest’s International Insurance division in early 2023 as Interim Head of International Underwriting Operations. Before Everest, Muné held senior positions at Chubb in both ... Read the full article
Everest well positioned to seize “generational market opportunity”
27th October 2023
In a third-quarter 2023 earnings call, Everest's President and CEO, Juan Andrade, highlighted a notable surge in demand for reinsurance capacity as clients seek to bolster their risk coverage. Andrade's insights indicated that the need for reinsurance is on the rise, and Everest is well-positioned to meet this growing demand. Regarding ... Read the full article
Everest sees ‘very strong path’ to completing full deployment of capital raised by 1/1
26th October 2023
Amid an expectation of a continuation of the robust pricing environment and favourable reinsurance market conditions, executives at Bermuda-based Everest Group are confident of the firm's ability to fully deploy the equity capital it raised back in May by the key January 1st, 2024, reinsurance renewals. The global re/insurer raised ... Read the full article
Everest returns to underwriting profit in Q3 2023 on improved pricing & lower cat losses
26th October 2023
Global insurer and reinsurer Everest Group has reported a combined ratio of 91.4% for the third quarter of 2023 and pre-tax underwriting income of $301 million on the back of improved pricing and a reduction in catastrophe losses. The Q3 2023 combined ratio strengthened by 20.5 percentage points from the 112% ... Read the full article
We are not yet at the new normal: Artur Klinger, Everest
25th October 2023
As demand for catastrophe reinsurance continues to outpace supply, further market hardening is expected, and against a backdrop of an uncertain inflationary environment, it will take time before the industry knows what the new normal is, according to Artur Klinger, Head of International Reinsurance, Everest. With the reinsurance industry meeting in ... Read the full article
Everest hires SCOR’s Clement Demetz as Reinsurance CFO
19th September 2023
Everest has announced the appointment of Clement Demetz as Reinsurance Chief Financial Officer (CFO), bringing to the firm a wealth of experience in finance, risk management, and strategic planning. He joins Everest from SCOR, where he has worked for the past decade. He most recently served as Chief Financial Officer-EVP Finance-Americas. Prior ... Read the full article
Favourable reinsurance market conditions could persist into 2025: Everest’s Williamson
7th September 2023
On the back of an impressive year of rate taking and improving terms and conditions (T&Cs), global insurer and reinsurer Everest expects property market conditions to persist well into next year and potentially into 2025, according to Jim Williamson, EVP, Group Chief Operating Officer, and Head of Reinsurance. As the reinsurance ... Read the full article
Charlie Higham to lead Everest Underwriting Partners division
29th August 2023
Global underwriter Everest Group, has announced the appointment of Charlie Higham as Senior Vice President and Head of Everest Underwriting Partners. He will succeed Brian Drum who is to retire from Everest on September 1, 2023, after 16 years with the company. Bringing two decades of specialty insurance experience to his new ... Read the full article
Munich Re ranked largest reinsurer for third year running by AM Best
22nd August 2023
After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world's largest reinsurance company when ranked by gross life and non-life premiums written in 2022. With reinsurance gross premiums written (GPW) of ... Read the full article
Everest bullish on trajectory of reinsurance industry for 2023 and beyond: CEO
18th August 2023
Juan Andrade, Everest Group Chief Executive Officer, suggests the reinsurance industry serves as a "bright light" in terms of what's happening in capital markets right now, as the firm remains "bullish" on the industry's trajectory for this year and beyond. Andrade's comments stem from an interview with Bloomberg, in which he ... Read the full article
Current hard market has surpassed the post-Andrew market: Everest CEO Andrade
27th July 2023
Juan Andrade, the President and Chief Executive Officer (CEO) of Bermuda-based re/insurer Everest Group, feels that the current reinsurance market is now firmer that it was following the impacts of hurricane Andrew in 1992, as the firm continues to take advantage of strong rate momentum in the property catastrophe space. Speaking ... Read the full article
Everest reports record quarterly reinsurance growth with GWP of $2.8bn
27th July 2023
Bermuda based insurer and reinsurer Everest Group has reported gross written premiums (GWP) growth of 26.9% to almost $2.8 billion in its reinsurance segment in Q2, which is a new quarterly premium record for the segment. Growth within the reinsurance segment was broad-based across geographies and business lines, driven by 34.7% ... Read the full article
AIG’s Trevor Gallagher joins Everest Re as Head of US Facultative
14th June 2023
Everest Reinsurance, the reinsurance division of Everest Re Group, Ltd., has appointed Trevor Gallagher as Head of US Facultative, where he will report to Anthony Izzo, Global Head of Reinsurance Distribution and Facultative. In the role, Gallagher will lead Everest's expanding US Facultative business, that is focused on cultivating best-in-class talent, ... Read the full article
Everest set to rebrand company name from July
18th May 2023
Global re/insurance player Everest Re Group, Ltd., has announced that following shareholder approval at the Company’s Annual General Meeting held yesterday, it will change its name to Everest Group, Ltd., and will trade under the new ticker symbol, effective on July 10, 2023. “Everest’s new name and stock ticker reflect the ... Read the full article
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