Everest

Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,

Interim CEO Luke Lichty will become head of commercial and specialty insurance for Canada.

Gallagher has over 25 years of insurance experience and joins Everest Re from AIG.

Recent top line growth and improved performance will need to be weighed against historical underperformance at group level, but the opportunity could attract a non-traditional buyer.

Everest Insurance has appointed Glen Browne as head of international corporate strategy.

Maritzen joins Everest after less than six months as head of underwriting for Berkshire Hathaway’s property program business.

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Sources said the (re)insurer held an equity interest of approximately 20% in the Miami-based MGA.

Early private deals have provided far more stability in this year’s renewal than last.

Everest Re’s $1.5bn capital raise could be part of a continued pivot, or an early indicator of a shifting marketplace.

The company reiterated that net proceeds will be used for general corporate purposes, which may include expanding its existing business lines and operations.