Portfolio remediation curbed Everest’s exposure to Ian: CEO Andrade
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Portfolio remediation curbed Everest’s exposure to Ian: CEO Andrade

Rachel Dalton
October 27, 2022
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OLD DONT USE OLD andrade-juan OLD DONT USE OLD

Everest Re’s efforts to reduce exposure to peak US cat risk have helped to keep its Hurricane Ian impact to an earnings event rather than a capital event, CEO Juan Andrade said.

In a call to discuss the carrier’s third-quarter earnings today, Andrade said that thanks to portfolio remediation undertaken by the carrier in recent months, its Ian loss is only 1% of its estimated industry loss and below 1% within...

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