Dependable partnerships critical amid heightened risk
Everest’s head of international reinsurance Artur Klinger discusses the company’s commitment to clients and outlook for the reinsurance market.
What is Everest’s international reinsurance mission for the next five years?
Our international reinsurance division is focused on strengthening our presence in key insurance markets in Latin America, the Caribbean, Europe, the Middle East, Africa, Asia Pacific and the UK. Our approach includes industry vertical offerings and is adapted to meet the needs of clients and brokers across diverse regions. Since launching our combined international reinsurance division in 2021, this approach has yielded significant premium growth both from a volume and quality perspective with new and existing clients. We also grew the number of clients and became a close partner to many of our customers.
Looking to the next five years, as a top-tier reinsurer, we will continue to extend our offering of tailored solutions and further enhance quoting capabilities to our brokers and clients. We will also continue to add target segments to our business units to increase relevance in our key regions while ensuring our diversified business model responds to emerging risks and new demands triggered by climate change and economic challenges.
What does Everest foresee as the key topics of the upcoming renewal season?
We are in a disciplined underwriting cycle and expect the trading conditions to remain favourable, particularly in property and specialty lines.
The frequency and severity of catastrophic weather events continues to increase, but attachment points and coverage conditions will remain at current levels at 1.1 and hold or further improve throughout 2025.
For casualty and motor lines, we have seen claims inflation and future assumptions are increasingly complex, consequently, we expect pricing to further improve. We recognise that there are important nuances in these classes by geography.
Everest has proven to be a reinsurance partner our clients can rely on. We are prepared to take advantage of our preferential position and lean into new opportunities to grow our businesses in targeted areas of property, specialty, credit and surety, and strategic reinsurance solutions.
What draws clients to Everest and how will the company support clients during the upcoming renewal cycle?
Over our 50-year history, Everest has been recognised as a dependable, relationship-driven partner that offers depth and breadth of expertise, creative solutions, and a locally empowered business model to answer partners’ needs at all stages of their business. Our client-first approach is at the core of Everest’s DNA and the basis for our long-standing relationships in the market. Focused on delivering excellent service in the upcoming renewal season, we remain committed to maintaining clear communication and expectations.
With the current risk landscape rapidly evolving, we know clients seek partners with the capacity and breadth of expertise and solutions to not only meet today’s needs but also evolve with them. Our nimble, flat, yet interconnected global structure means we can offer our global expertise (e.g., in cyber and engineering lines) and create tailored solutions that make the difference to our clients.
How has the last year helped prepare Everest for the key challenges and opportunities of 2025?
Despite recent global upheavals, Everest Reinsurance’s recent results demonstrated our ability to deliver strong underwriting performance amid favourable market conditions while continuing to expand our portfolio with core partners and cedants. Clients continue to seek stability and predictability amidst evolving and intensifying challenges. As a leading global reinsurance player, we must provide our clients with solutions to these challenges. We understand the risks and complex landscapes, as we continuously adapt our risk transfer tools and treaty conditions, and to set market standards.