Everest
-
The agency said it does not expect a “material impact” from the charge. -
At January 1 renewals, prices dropped 5%-15% for loss-free programs.
-
The Bermudian’s wildfire loss estimate was based on an industry loss range of $35bn-$45bn.
-
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.
Related
-
Q1 earnings roundup April 30: Everest, Markel, Axis and more
April 30, 2025 -
Everest Evolution announces three leadership appointments
April 24, 2025 -
Starr, Everest, Scor close US casualty desks in London
April 09, 2025