Reinsurance News
Everest
Everest Re raising $1.5bn to target hard market growth opportunity
17th May 2023
Everest Re Group, Ltd, the global insurance and reinsurance player, sees an opportunity to expand its capital base to take advantage of growth opportunities during the current hard market period and is raising almost $1.5 billion of new equity capital to fuel expansion. Everest Re launched a new equity raise yesterday ... Read the full article
Everest names Mike Mulray President of North America Insurance
18th April 2023
Bermuda-based reinsurer Everest Re Group has appointed Mike Mulray as Executive Vice President and President of North America Insurance. Mulray most recently served as Global Chief Operating Officer for Everest Insurance, having first joined the firm in 2015 as Chief Underwriting Officer. Since then, Everest states he has played a critical role ... Read the full article
Everest Re names interim General Counsel as Mukherjee departs
14th March 2023
Bermuda-based reinsurer Everest Re Group has announced that Brent Hoffman has been appointed as interim General Counsel, replacing Sanjoy Mukherjee who will be leaving the company in April. Hoffman will take up Mukherjee’s responsibilities while Everest conducts a search for a permanent replacement, and will retain his position as Head of ... Read the full article
Everest Re appoints Srini Maddineni as Group Chief Information Officer
6th January 2023
Bermuda-based re/insurer Everest Re Group, Ltd., has announced that Srini Maddineni, Everest’s SVP and Global CIO for Insurance and Reinsurance Systems, will succeed Terry Walker as Group CIO. Maddineni is set to take up the role on January 16 and will report to Jim Williamson, Everest Group Chief Operating Officer. Walker, meanwhile, ... Read the full article
Everest refreshed brand reflects commitment to “underwrite opportunity”
4th November 2022
Bermuda-based re/insurer Everest Re Group, Ltd. has unveiled a refreshed brand, with a modernised logo and visual identity it says reflects its positioning and commitment to underwrite opportunity for colleagues, customers, shareholders, and communities worldwide. According to the announcement, this move is another step forward in Everest’s ambitions and execution of ... Read the full article
Everest Re hires Shawn Austin as Head of A&H for North America
17th October 2022
Everest Re Group Ltd. has appointed Shawn Austin as Senior Vice President, Head of Accident and Health for North America, effective October 24, 2022. Within this role, Austin will be based in New York where he will report directly to Everest Group COO and Head of Reinsurance - Jim Williamson. Austin will ... Read the full article
Everest Reinsurance promotes Jacobsen & Wallace to leadership roles
15th September 2022
The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has announced a couple of promotions within its international division. Harald Jacobsen has been named as Senior Vice President, Head of Continental Europe. Additionally, he will take on the role of Branch Manager Zurich of Everest Reinsurance Company Ireland ... Read the full article
Everest “well-positioned” for growth ahead of highly promising 1/1: Jim Williamson
14th September 2022
Everest Re's Chief Operating Officer and Head of Reinsurance, Jim Williamson, spoke with Reinsurance News to share his thoughts on Everest's major international expansion plans, as well as the Florida property market, and the upcoming renewals. Williamson said: “As a go-to-market for all reinsurance purchases around the world with cedents in ... Read the full article
Everest Insurance makes leadership changes within US & Global Property Division
1st July 2022
Everest Insurance, the primary division of Everest Re Group, has announced several leadership changes in its US and Global Property Division. Firstly, the company has announced that Erik Nikodem, President of Global Property, will retire in mid-July, following a successful three decade career. At the same time, the company has appointed three key leadership ... Read the full article
Everest Re names Joe Stuhl SVP of Global Distribution
27th June 2022
Everest Reinsurance has appointed Joe Stuhl as Senior Vice President of Global Distribution, where he will report to Anthony Izzo, Global Head of Facultative and Distribution at the firm. Within this newly created role, Stuhl will lead the reinsurance organisations global distribution strategy. In addition, he will also be responsible for deepening ... Read the full article
17 US reinsurers wrote $22.7bn of net premiums in Q1: RAA
1st June 2022
A group of US property and casualty reinsurers wrote $22.7bn of net premiums during Q1 2022, compared to $17.8bn in the same quarter of the preceding year. These results have just been released by the Reinsurance Association of America (RAA), which surveyed seventeen property and casualty reinsurers. The combined ratio for the ... Read the full article
Everest Re hires David Harris as SVP, Chief Reserving Actuary
25th May 2022
Everest Re has announced that David Harris has joined the company as Senior Vice President (SVP), Chief Reserving Actuary. Harris succeeds Ellen Edmonds, and will report to Everest Group Chief Operating Officer and Head of Reinsurance, Jim Williamson. Within his new role, Harris will lead the company’s global reserving strategy, aligning the ... Read the full article
Everest Re hires Matthew Rohrmann as SVP, Head of Investor Relations
23rd May 2022
Bermuda-based Everest Re has announced that Matthew Rohrmann has joined the company as Senior Vice President, Head of Investor Relations. Rohrmann succeeds Jon Levenson and will report directly to Everest Executive Vice President & Chief Financial Officer, Mark Kociancic. Within his new role, Rohrmann will focus on deepening Everest’s engagement with the ... Read the full article
Everest Re reports stronger re/insurance underwriting result as cat load falls
28th April 2022
Bermuda domiciled insurer and reinsurer, Everest Re Group, has reported a strong start to 2022 with net income of $298 million and an improved combined ratio of 91.4%, while premiums across the group spiked by 9%. While positive, net income did fall from the $342 million posted a year earlier, while ... Read the full article
Everest Re makes appointments for Reinsurance Canada
26th April 2022
Everest Reinsurance, the reinsurance division of Everest Re Group Ltd. has announced the promotion of Scott Paddington to Chief Agent and Chief Underwriting Officer of Everest Reinsurance Canada, as well as the appointment of Russ Lewis to Chairman of the same branch. Within their new roles, both Paddington and Lewis will ... Read the full article
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