Everest Re News

Everest Re Group Signs UN Principles for Sustainable Insurance

Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global framework for a sustainable insurance industry developed through partnership between risk management leaders and the United Nations Environment Programme …

People Moves: Everest Re Promotes Klinger to Lead Int’l Reinsurance; HDI Global Hires Chubb’s Carberry as Head of U/W, Ireland; HSBC’s Rutherford to Aon’s UK FI Team

This edition of International People Moves details appointments at Everest Re, HDI Global and Aon. A summary of these new hires follows here. Everest Re Promotes Klinger to Head of Int’l Reinsurance Everest Re Group Ltd., the Bermuda-based provider of …

Everest Re Extends President and CEO Andrade’s Employment Agreement

Everest Re Group Ltd., the Bermuda-based re/insurer, announced the extension of President and CEO Juan C. Andrade’s employment agreement through the end of 2023 with automatic annual extensions following this term. “In the past 24 months as Everest’s CEO, Juan …

Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses

Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full quarterly earnings to be released on Oct. 27, 2021, Everest is estimating total Q3 pre-tax net catastrophe losses of $635 …

Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds

A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting these negative headwinds, creating a stable outlook for the sector into 2022, according to Carlos Wong-Fupuy, senior director, AM Best. …

People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re

This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber …

Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges

The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …

People Moves: Everest Re Promotes Moskowitz & Bell; AXIS Re Promotes Stirnemann, Janisch & Phillips; Sompo Hires ArgoGlobal’s Serra

This group of International People Moves details appointments at Everest Re, AXIS Re and Sompo International Holdings. A summary of these new hires follows here. Everest Re Group Ltd. announced the appointments of Ari Moskowitz and Peter Bell to critical …

8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker

Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and bolstering the market’s balance sheet. The £650 million protection, …

People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance

Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief operating officer. Williamson joined Everest in …