Everest Re
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A degree of pricing volatility was evident in the market this week. -
The shift in market dynamics reflects $1.8bn of maturities last week.
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The bond is split across Class A and Class B notes that have different levels of risk.
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Over Q1, the loss ratio improved by 34.6 points year on year to 43.7%.
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Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.
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The firm expects pricing and terms and conditions to hold.
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The vehicle’s loss ratio improved 66 percentage points YoY.
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The carrier booked a reserve charge of $392mn for casualty insurance.
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The claw-back is anticipated after PCS revised down its Ian loss estimate.
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The sidecar’s loss ratio improved by 139 points to 35% in the latest quarter.
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The company’s on-risk Kilimanjaro Re cat bond volumes have been gradually shrinking in the past year.
