Everest
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The Bermudian’s operating loss per share, however, grew nearly four times from the prior-year quarter to $5.28 per share. -
The reinsurer attributed $600mn to Hurricane Ian, based on an estimate that the total insured industry losses would come to approximately $55bn.
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The French operation will be led by Anne Charon, and the German unit by Bernd Wiemann. The two were appointed country heads earlier this year.
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Based in New York, the executive will report directly to Everest Group COO and head of reinsurance Jim Williamson.
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The pair will report to Artur Klinger and Paul Tester, respectively.
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If the hurricane season continues to be mild, it could impact pricing momentum.
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In the newly created position, Rudow will report to Everest North America reinsurance head Jill Beggs.
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The carrier also recruited Danielle Stewart from Liberty Mutual as vice president and national head of wholesale distribution.
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In his new position, the executive will focus on the firm’s expansion of its aviation insurance offerings.
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CEO Juan Andrade said the carrier would be looking continually to expand and “bridge gaps”.
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South African flood losses, Canadian and European storms and second-quarter events in the US were cited as contributors to the deterioration.
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