Commercial E&S
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Mark Groenheide, who has held several positions at HDI and Zurich, was most recently senior vice president of excess and surplus lines at GuideOne. -
The carrier revised its cat bill following Ida and PG&E losses.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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The carrier has also exited US MGAs exposed to North Atlantic cat risk.
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The specialty insurer will lend both admitted and non-admitted paper to other providers.
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The reinsurer stepped off five Florida domestic insurance programmes but has taken more E&S risk in the southeast US.
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After their appointments, Ari Moskowitz and Peter Bell will report to Jim Williamson, Everest Re group COO and head of reinsurance.
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The reinsurer recovered 24% of its gross major losses from retro partners.
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Investment bank partner Tom Deane said that reinsurers would remain crucial to the market and that the beginnings of rebuilding were underway that could reverse some current trends.
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The carrier said Texas claims are beginning to drop off with quota share and minor perils cover in place to help minimise its retention.
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The personal and commercial lines book will be folded into recently-acquired Centauri Insurance.
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The entity plans to retain up to 30% of risk per program.
