News relating to the Bermuda and international insurance and reinsurance industry.
Hardening pricing conditions are helping reinsurers overcome the challenges around COVID-19, social inflation and exposure to previous catastrophe events, according to AM Best.
It has also appointed a new chief investment officer amid a management reshuffle.
The venture addresses gaps in conventional insurance policies that leave gig workers underinsured.
The reinsurer is seeing opportunities and challenges in the casualty space as the market hardens.
The company made a net loss of $14m in Q2 and a net loss of $112m for the first half.
The reinsurer unveiled its Q2 results on the same day it agreed to merge with Sirius.
Kip Oberting steps down from the business while Dan Malloy takes new role.
The division of Everest Re Group has appointed a new CEO and COO.
The executive is also the son of Fred Reiss, the founder of the captives industry.
The reinsurer also said the pandemic could have a meaningful impact on revenue in the future.