Everest Re NA property cat XoL risk-adjusted rate up 50% YoY: CEO Andrade
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Everest Re NA property cat XoL risk-adjusted rate up 50% YoY: CEO Andrade

Everest logo new 2022 with Jaun Andrade TS.jpg

Everest Re’s Q4 property cat excess of loss (XoL) risk-adjusted rates surged approximately 50% year-over-year in North America, according to CEO Juan Andrade.

In tandem, property cat XoL rates in the company’s European business increased 40%, the executive said.

“The average attachment point for our global property cat business also increased meaningfully, resulting in significantly reduced risk exposure,” Andrade told analysts during the...

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