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Shareholders say the stock has declined around 59% in the past year while book value has dropped ~30%. -
He also joined Everest’s board last week as an independent director.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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Aviation reserve strengthening added 10.1 points to the combined ratio.
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The company is seeking to promote growth in its US excess casualty book.
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“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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John Howard was appointed as an independent, non-executive member.
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On Monday, the firm reported a Q4 CoR of 155.1%, versus 98.1% a year ago.
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Enacting SB 360 may have created a spike in construction claims in Florida.
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Q4 net retention was impacted by the previously announced ADC.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The estimate is based on industry losses in the range of $35bn-$45bn.
