Everest
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The executive will report to Everest Group COO and head of reinsurance Jim Williamson. -
The carrier received approval from local regulators to operate in Chile under the brand Everest Compañía de Seguros Generales Chile.
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He moves from Axis Capital and will succeed Jon Levenson.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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He will replace the retiring Dennis Alba.
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The move comes amid a number of senior appointment announcements in the Latin American market, including two senior hires from Marsh.
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The firm said the conflict gave rise to uncertainty but at this stage losses appeared manageable.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The (re)insurer revealed it has “limited exposure” to the Ukraine-Russia conflict and did not make a loss provision due to the degree of uncertainty.
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Scott Paddington and Russ Lewis will report to Jill Beggs, head of North America reinsurance at Everest.
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Mango was a respected industry leader and played a key role in elevating the company’s culture of rigorous risk management.
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A New Jersey judge writes a scathing decision criticizing hospitality firms for attempting to claim physical damage from virus and misinterpreting policy language.
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