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Everest Re CEO Juan Andrade said appetite had gone “very much higher up in structures”. -
Everest Insurance head of specialty casualty will transition to the reinsurance division, reporting to Beggs.
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The new functionality supports online collaboration for optimal placements.
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The two parties had previously negotiated a $9bn deal for the reinsurer last year, which was later scrapped.
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The carrier will continue to write the business from Bermuda and the US.
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The preliminary result was achieved despite EUR600mn losses from Bernd damages, as well as EUR1.2bn losses from Hurricane Ida.
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The carrier’s catastrophe losses rose to $501mn from $397mn in Q3 last year
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‘We are not shrinking to greatness,’ said Allianz Global Corporate & Speciality CEO Joachim Müller.
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The Scor chairman takes over from Swiss Re CEO Christian Mumenthaler, who steps down after two and a half years in the role.
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The Hannover Re subsidiary said the event would incur insured losses in Germany alone of “well in excess” of EUR8bn.
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The reinsurer said it was adding "a new generation of expertise" to its energy team.
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Some of the insurer’s bonds were among those modestly marked down after Ida.
