Everest
-
The carrier’s year-end kitchen sink action is a make-or-break moment for a troubled franchise. -
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
-
The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
-
He was appointed acting CEO earlier this month, after Andrade’s departure.
-
The appointment follows a series of moves across the Miami treaty sector over the past 12-18 months.
-
Carlos Becerra will succeed Delgado as Miami-based LatAm fac head.
-
New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
-
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
-
He succeeds Wayne Peacock, who retires this year after four years of service.
-
Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
-
The executive had joined the firm from Chubb in May.
-
Everest Group’s regulatory filing did not give a reason for the resignation.
Related
-
Everest Evolution announces three leadership appointments
April 24, 2025 -
Starr, Everest, Scor close US casualty desks in London
April 09, 2025 -
Everest promotes Giordano to North America CUO
March 28, 2025