Operations/tech
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Shareholders say the stock has declined around 59% in the past year while book value has dropped ~30%. -
The company is seeking to expand in the reinsurance and retrocession markets.
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He also joined Everest’s board last week as an independent director.
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The move combines two units in the North America middle market division.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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The market is up against emerging risks and a whole heap of uncertainty.
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Customers will keep their agent relationship and policies will not be impacted.
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The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
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The group will house a segment for specialty and benefits and another for underwriting.
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HCI will now consist of two operating units – the other being its four underwriting entities.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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A quick roundup of our best journalism for the week.
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