Everest
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Inside P&C’s news team runs you through the key highlights of the week. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the (re)insurer held an equity interest of approximately 20% in the Miami-based MGA.
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Early private deals have provided far more stability in this year’s renewal than last.
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Everest Re’s $1.5bn capital raise could be part of a continued pivot, or an early indicator of a shifting marketplace.
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The company reiterated that net proceeds will be used for general corporate purposes, which may include expanding its existing business lines and operations.
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Inside P&C’s news team runs you through the key highlights of the week.
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The move follows a rebrand completed in November 2022.
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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 raise is a bullish signal from Everest on the returns available in the market but could be taken by some as another harbinger of easing market momentum.
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Details of the placement are being closely guarded, but one source suggested the raise could be in the region of $1bn.
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Returns from April 1 and May 1 were at or exceeded the return levels of January 1 renewals.
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