Everest

Discussion on Q3 earnings calls focused heavily on the supply-demand imbalance in cat capacity, as executives discussed how they would navigate a challenging January renewal.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The executive described the hardening property cat market as a “tremendous opportunity” for the Bermudian.

The Bermudian’s operating loss per share, however, grew nearly four times from the prior-year quarter to $5.28 per share.

The reinsurer attributed $600mn to Hurricane Ian, based on an estimate that the total insured industry losses would come to approximately $55bn.

The French operation will be led by Anne Charon, and the German unit by Bernd Wiemann. The two were appointed country heads earlier this year.

Based in New York, the executive will report directly to Everest Group COO and head of reinsurance Jim Williamson.

The pair will report to Artur Klinger and Paul Tester, respectively.

If the hurricane season continues to be mild, it could impact pricing momentum.

In the newly created position, Rudow will report to Everest North America reinsurance head Jill Beggs.

The carrier also recruited Danielle Stewart from Liberty Mutual as vice president and national head of wholesale distribution.

In his new position, the executive will focus on the firm’s expansion of its aviation insurance offerings.