Everest Re
-
The ILS platform of Everest Re is looking to optimize value for the group and investors. -
The exit of key Florida insurers could spur rate increases.
-
Gross written premiums grew by nearly 25%, with similar levels of expansion in primary and reinsurance segments.
-
The company has also named Rui Marliere as head of its Latin America and Caribbean business.
-
The appointment follows the departure of Mike Hoffmann after a just over a year.
-
Juan Andrade’s employment agreement has been extended through the end of 2023, with automatic annual extensions following this term.
-
The collateralised sidecar of Everest Re was hit by higher cat losses in the period.
-
Everest Re CEO Juan Andrade said appetite had gone “very much higher up in structures”.
-
The reinsurer grew GWP by 25% in the quarter to $3.5bn, while dropping its companywide attritional loss ratio by more than five points.
-
Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
-
The figure was lower as a proportion of shareholders’ equity compared to RenRe’s Q3 loss.
-
Everest Re recently outlined plans to lift gross premium by 10%-15% annually from 2021 to 2023.
