Everest
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The company named two execs to head global wholesale and commercial. -
Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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This publication revealed earlier Everest could sell its LatAm and Canadian units.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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The company announced four internal promotions this week.
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Habayeb will start next May following Kociancic's retirement.
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The move comes after Everest sold renewal rights for its global retail business to AIG.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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The executive will fill the role previously held by Howden’s Figliozzi.
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A re-focus on reinsurance nearly brings Everest back where it started.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
