Everest Re

Everest Re adds Hartzband to board

Bermudian Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors. She will join the carrier’s audit, compensation and nominating & governance committees.

Everest adds to E&S casualty team

Everest Insurance has continued to build out its E&S platform with the addition of Joanne Suarez and Mary Rimbey to its casualty team in Chicago.

Everest encouraged by T&Cs ahead of “potentially messy” renewals

Everest Re’s management on an earnings call said, while it is not a hard market, the carrier is encouraged by pricing as well as improved terms and conditions ahead of the mid-year reinsurance renewals.

Everest Re beats with strong first quarter

Everest Re’s after-tax operating income was $282.4mn, or $6.91 per diluted common share in the first quarter, compared to after-tax operating income of $219.7mn, or $5.34 per common share, for the first quarter of 2018.

Everest launches $25mn public company management liability cover

Everest Insurance has unveiled a new $25mn limit management liability cover for public companies aimed at addressing the uptick in litigation and regulatory scrutiny.

Everest Insurance Ireland launches UK branch

Everest Insurance Ireland dac (EIID) – the European subsidiary of Bermudian Everest’s International platform – has launched a branch office in the United Kingdom.

Everest Insurance swoops on Ironshore for structural solutions VP

Everest Insurance has named former Ironshore senior managing underwriter Sharone Menczel Poopor as vice president of its structured solutions group.

Everest hires Taute as wholesale distribution leader

Everest Insurance has announced former Lexington executive Richard Taute as vice president of marketing distribution and national wholesale distribution leader for insurance.

Everest Insurance names Lopes chief commercial officer

Everest Insurance has promoted Dane Lopes to the position of chief commercial officer at the expansive carrier.

Everest adds Ironshore casualty underwriters to Lloyd’s team

Everest Insurance has hired Graeme McGeachie and Pete Graham for its Lloyd’s general liability casualty team.

Everest Insurance appoints Mid-Atlantic marketing director

Kathleen Boland has joined Everest Insurance as director of marketing and distribution focusing on the Mid-Atlantic region.

Everest Re confident of premium growth despite business mix shift

Everest Re’s property cat reinsurance book was down at 1 January but the Bermudian carrier said it believed its casualty business will drive an overall increase in reinsurance premiums for the first quarter.

Everest Re slides to Q4 loss on heavy cats

Everest Re has fallen to a fourth quarter operating loss largely driven by heavy cat losses in the period.

Everest puts Q4 cat bill at $695mn

Everest Re has preannounced cat losses of $695mn from Q4 events that are equivalent to 8.3 percent of its shareholders’ equity of $8.3bn as at the end of the third quarter of 2018.

Everest Re CEO Addesso announces retirement at year end

Everest Re’s president and CEO Dominic Addesso is set to retire from the Bermudian at the end of the year.

Everest Re posts Q3 100% combined ratio

Everest Re broke even with its underwriting in the third quarter despite a previously announced $240mn of cat losses.

AIG shares dip after heavy Q3 cat loss estimate

AIG’s share price has fallen in early trading today but less than suggested from last night’s after market price following the publication of the company’s unexpectedly high Q3 loss bill.

AIG expects as much as $1.7bn in Q3 catastrophe losses

US insurance behemoth American International Group said it expects to report third quarter pre-tax catastrophe losses of as much as $1.5bn to $1.7bn from natural disasters including Hurricane Florence and typhoons Jebi and Trami.

Everest Re swoops on Chubb for chief reinsurance claims officer

Everest Re has appointed Ike Barbatsoulis as chief claims officer in its reinsurance division.

Everest’s Q2 reserve charge hits profits as top line swells

Everest Re’s top line ballooned in a second quarter that saw its bottom line severely dented by a $250mn after tax charge to bolster reserves against last year’s catastrophes.

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