Everest
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Reinsurers take stock of a changing catastrophe landscape and plot contradictory courses. -
The underwriter’s exit comes after the reinsurer added Jill Beggs from Munich Re last week and promoted Peter Bell to be its new CEO in Bermuda in July.
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The CEO also detailed the carrier’s efforts to capitalize on surging primary casualty rates through proportional treaty business.
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The reinsurer grew GWP by 25% in the quarter to $3.5bn, while dropping its companywide attritional loss ratio by more than five points.
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Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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New-Jersey based Everest has made multiple appointments in its underwriting operations this year.
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The figure was lower as a proportion of shareholders’ equity compared to RenRe’s Q3 loss.
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Diaz joined the company in 1991, where he took on various leadership roles to promote the company’s expansion internationally.
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Guy Carpenter’s US facultative leader steps down after just eight months.
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Everest Re recently outlined plans to lift gross premium by 10%-15% annually from 2021 to 2023.
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Andrew McBride has also served as director of claims at QBE’s European operations and held various overseas roles managing claims at Aon and Axa.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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