Everest

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.

CEO Juan Andrade said the carrier would be looking continually to expand and “bridge gaps”.

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South African flood losses, Canadian and European storms and second-quarter events in the US were cited as contributors to the deterioration.

The sector was hit by a rough first half of 2022, with more to come in the second half of the year.

Everest Insurance has announced that its president of global property, Erik Nikodem, will retire in mid-July. The insurance arm of Everest Re also announced the appointments of three key leadership roles in its US and global property division.

In this newly created role, Joe Stuhl will lead the reinsurance organization’s global distribution strategy and address emerging needs.