Dominic J. Addesso News

Chubb Promotes Ortega to President, Overseas, as Andrade Moves to Top Everest Role

Chubb Ltd. has appointed Juan Luis Ortega as executive vice president, Chubb Group, and president, Overseas General Insurance. He succeeds Juan Andrade, who is leaving Chubb to take the role of president and chief executive officer of Everest Re. Everest …

Everest Re Estimates Q4 2018 Catastrophe Losses of $695 Million

Everest Re Group, Ltd. expects to incur in the fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. The catastrophe losses were related to the fourth quarter 2018 events of Hurricane Michael which affected …

Everest Re Group CEO Addesso to Retire at End of 2019

The Board of Directors of Everest Re Group Ltd. has been informed by its President and Chief Executive Officer Dominic J. Addesso that he will retire at the end of his contract term on Dec. 31, 2019. As a result, …

Everest Re CEO Addesso Contract Is Extended Through 2019

Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, 2019. Addesso has issued a short statement about the …

Everest Re Gets Nod to Launch Irish Insurer for EU Business; Aon’s Cross Is CEO

Everest Re Group Ltd. announced today that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be named Everest Insurance Ireland, dac …

Everest Re Group Reports Q2 Net Income of $155.7M vs. $209.1M in Q2 2015

Bermuda-based Everest Re Group Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the same period in 2015. After-tax …

Everest Re Reports Q4 Operating Income of $353.5M, vs $331.5M in Q4 2014

Bermuda-based Everest Re Group Ltd. reported fourth quarter 2015 after-tax operating income available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for …

Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations

Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6, 2016. Sanjoy Mukherjee will succeed de Saram …

Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014

Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the …

Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014

Bermuda-based Everest Re Group Ltd. reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share, compared to net income of $290.2 million, or $6.26 per diluted common share, for the second quarter of 2014. After-tax …