Everest
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The protection covers the US insurance book for the 2024 and prior accident years.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The move is the latest in a series of casualty leadership shake-ups at the insurer.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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He will spearhead the division’s launch slated for 2026, which will be the first product launch for ICW Group’s specialty unit.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The affirmations reflect Everest’s strong underwriting diversification.
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He joins the company after 22 years in casualty leadership roles at Chubb.
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Sources said that the carrier has held preliminary talks with private debt investors.
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The executive most recently served as head of North American treaty reinsurance.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.