Everest Re
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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.
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The collateralised sidecar of Everest Re was hit by higher cat losses in the period.
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Everest Re CEO Juan Andrade said appetite had gone “very much higher up in structures”.
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The reinsurer grew GWP by 25% in the quarter to $3.5bn, while dropping its companywide attritional loss ratio by more than five points.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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The figure was lower as a proportion of shareholders’ equity compared to RenRe’s Q3 loss.
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Everest Re recently outlined plans to lift gross premium by 10%-15% annually from 2021 to 2023.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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A reinsurance panel at Reconnect also called for reform of risk models
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Modin will succeed David Whiting, who is retiring after a 45-year career in the reinsurance industry.
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The reinsurer grew its casualty pro rata reinsurance book by 64%, adding $218mn in GWP.
