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Top Stories / Ad / Most Recent
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The carrier also grew TL written premiums by 11% in Q4 and 24% for the full year. -
Claims related to California wildfires are "fairly insubstantial" to date, executives said.
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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He was appointed acting CEO earlier this month, after Andrade’s departure.
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New CEO Williamson will likely continue walking the hybrid path, with an emphasis on fixing US casualty.
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Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
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After two payments, the transaction is expected to be complete in February 2025.
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The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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The three lines add up to 80% of the deal.
