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Top Stories / Ad / Most Recent
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The carrier has set aside $13mn to pay coronavirus claims at its international unit. -
Insurers face the difficult balancing act of signaling optimism to investors as they seek to push rate rises.
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The first week’s reporters present a conundrum around whether or not we will see ROE expansion in 2021.
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The executive, based in Chicago, is a former broker and joined Argo’s ceded re team from Allied World in 2020.
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The executive takes over from Megan Thomas, who left to become the CEO at Hamilton Re in September.
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The carrier also discloses it has bought more aggregate cyber protection, after a quarter in which claims experience for the line deteriorated.
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The focus is on progress on underlying loss ratio gains, managing cat exposures and curbing expenses.
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The (re)insurer cut exposure to reinsurance during Q4, with GWP falling by 20%.
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O’Donnell noted that the Bermudian has enjoyed the fruits of a “materially improving market” during January 1 renewals.
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The additional $730mn in capital for its Upsilon RFO, DaVinci and Medici funds include $130mn of the company’s own money.
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The charge comes at the end of Everest’s CEO Juan Andrade’s first year leading the (re)insurer.
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The appointments comes after launches in Hong Kong and Singapore.
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