Carter has been with Everest Reinsurance Company since March 2008, and in March 2019, was appointed as Vice President Claims before assuming the position of Head of International Reinsurance Claims in April 2022.

As Carter steps into his new role as Head of North America Reinsurance Claims at the firm, he’s succeeded by Parker, who joined the company in February of this year as Claims Director.

Prior to Everest, Carter worked at global insurer AIG for more than four years, and has also spent time with FirstCity Insurance Brokers, and spent more than seven years working at specialist insurer Beazley.

Parker joined Everest from Bermuda-based re/insurer AXIS Capital, who he joined in May 2005 following more than four years with XL Insurance. Earlier in his career, Parker worked at Crawford & Company, and AGF Insurance.

“Their proven leadership and deep expertise will continue to drive claims excellence across our global Reinsurance platform as we deliver exceptional service to our clients. Congratulations to Tim and James on their new roles,” said Everest.

The post Everest names Carter as Head of NA Re Claims as Parker takes over as Head of Intl. Re Claims appeared first on ReinsuranceNe.ws.

During Everest’s second quarter 2025 earnings call, Williamson firmly pushed back against suggestions that the current property catastrophe market is soft, noting that while rates may be softer than they were a year ago, they remain significantly elevated compared to the pre-2020 period.

“One of the things I like to remind folks about is that if we were sitting at a price level that this industry experienced in 2017, 18, 19, and then suddenly rates corrected to where they are now, we would call it one of the greatest hard markets in living memory,” he said.

“I think anyone that’s describing the current cat environment as soft is not well informed…This remains a very hard market,” noted Williamson.

Williamson noted that Everest is comfortable deploying additional capacity for preferred clients, citing the strength of pricing and the quality of structures.

“Rates are very strong in property cat and I have absolutely no problem deploying incremental capacity for our best clients on well-structured accounts at the rates that we’re receiving today. And the rates, frankly, that I expect to be receiving next year. These accounts are simply very, very well priced,” he said.

On the topic of net probable maximum losses (PMLs), Williamson explained that Everest has increased its net PMLs in response to favourable pricing dynamics and the attractive return profile currently available.

He stated, “It makes sense to take the risks we’re taking, and we still remain well within the risk guidelines that we’ve talked about every quarter with respect to earnings and capital at risk. So, we’re feeling good about that.”

Williamson continued, “Just to break down the PML increase, some of that is certainly growth in our gross book, in both divisions. And then we continue to optimise our hedging in terms of where we’re purchasing our cat bonds, really focusing on managing tail exposures, offset somewhat by growth in assets under management in our Mt. Logan platform, which is doing a terrific job of raising funds.”

He noted that when all of that is balanced out, Everest is making an excellent trade — one he expects to continue into the coming Jan 2026 renewal period.

In addition to strong rates, Williamson emphasised that discipline continued to hold across the property catastrophe market at the mid-year reinsurance renewals.

“Turning to mid-year renewals, property cat rate change met our expectations and risk-adjusted returns for our cat portfolio remain attractive. Importantly, terms and conditions are holding,” he said.

“If you look at both the June 1 and July 1 renewals, our big mid-year renewals, I think it’s a pretty consistent story. At June 1, we obviously had the Florida renewal. Overall, pricing was flat, and generally terms and conditions are not moving, which I think is a terrific sign, and speaks to the underlying discipline in the property cat market. And I think my expectation is certainly that that’s going to sustain itself.”

At July 1, where renewals span a broader mix of global markets, Williamson noted that rates dipped slightly but again stressed that terms and conditions held.

“So, you just see this very consistent view that says that discipline in the market is going to be sustained, and again, it informs our expectations as we go forward. And that’s why we grew at the 6.1 renewal. And in the pockets of the 7.1 renewal that we really liked, we also were able to deploy more capacity at really attractive margins,” he said.

On the trade-off between capital return and growth in the property cat market, Williamson said Everest is doing both, and has the capital strength to do so.

“I will say, though, that if you look at the expected return from property cat, pretty much everywhere in the world, and certainly in our peak zones like southeast wind storm or California earthquake, and Japan, etc, the ROEs are still very, very strong, and I think would even exceed the attractiveness of repurchase. So, that’s why we’re continuing the strategy of pursuing both actions.”

The post Reinsurance rates remain strong in ‘very hard’ property cat market: Everest CEO appeared first on ReinsuranceNe.ws.

With more than two decades of experience in underwriting, risk management, and actuarial pricing, Mesagaes will be supporting clients across the division’s Global Specialties business.

The executive has been with Everest since 2007, having most recently served as Senior Marine Underwriter, where he led the growth and transformation of the reinsurance renewable energy portfolio.

Prior to that, he held several leadership roles at Everest including Group Reporting and Exposure Management Lead, and Chief Risk Officer and Head of Actuarial Function in Ireland, where he played a key role in launching the company’s local insurance operation.

Mesagaes began his actuarial career at Crum & Forster, where he served as an Actuarial Analyst for almost four years.

As Everest Re’s Head of Renewable Energy, Mesagaes will be reporting to John Hyland, Head of Underwriting and Marine, who commented: “Jonathan has built an impressive renewable energy portfolio, demonstrating the strategic vision, expertise, and collaborative leadership essential to enhancing our dedicated offering.

“As the energy transition accelerates, and we evolve our offerings to best serve brokers and clients, renewable energy is a key long-term growth area for our business. I look forward to collaborating with Jonathan and the rest of the team to expand our solutions in this dynamic market.”

Emily Davis, Head of Global Specialty, Everest Reinsurance, said: “Everest is responding to increased demand for specialized reinsurance solutions to support our clients’ renewable energy efforts.

“Jonathan’s appointment underscores our investment in the talent and capabilities to meet the unique needs of our clients and brokers in the rapidly expanding market. I look forward to working with him to centralize our renewable energy strategy, as we help clients seize emerging market opportunities.”

The post Everest Reinsurance names Jonathan Mesagaes as Head of Renewable Energy appeared first on ReinsuranceNe.ws.

In his new role at Everest, Haines will be reporting to Emily Davis, Head of the division’s Global Specialties business, which includes Aviation, Marine, Cyber, Engineering and Parametric Solutions.

With over two decades of construction and engineering experience in both underwriting and broking, Haines is joining the company from Guy Carpenter, where he most recently served as Managing Director and Head of Construction and Engineering.

Prior to that, he held various leadership positions with global organizations including Willis Towers Watson, MAPFRE, QBE Europe, JLT Group and Hartford Steam Boiler.

Commenting on Haines’ appointment, Emily Davis, Head of Global Specialty at Everest
Re, said: “Alex’s proven leadership and deep technical expertise make him the ideal leader for our Global Engineering practice.

“He brings a proven track record of fostering strong relationships, building collaborative, high-performing teams, and expanding portfolios. I look forward to working with Alex as we continue to invest in the business to meet the unique needs of our engineering clients and brokers.”

The post Alex Haines joins Everest Re as Global Head of Engineering appeared first on ReinsuranceNe.ws.

The firm’s Global Specialties segment includes Aviation, Marine, Cyber, Engineering, and Parametric Solutions.

Most recently, Davis served as Everest Reinsurance’s Vice President and Global Head of Engineering.

Prior to this, she held global actuarial and underwriting roles of increasing responsibility at Transatlantic Reinsurance Company in construction, downstream energy and property. In these roles, Davis built strong broker and client relationships across lines of business and territories.

Davis began her career as an actuarial analyst at re/insurance broker Aon and is a Fellow of the Institute of Actuaries.

Beggs commented on the appointment, “Emily has been instrumental in the development and growth of Everest’s dedicated Global Specialties business, which has expanded alongside increasing market demand since its launch earlier this year.

“Emily’s demonstrated leadership, collaborative approach, and proven success in building a market-leading portfolio make her ideal to lead our talented teams and offerings into the future, ensuring that our customized solutions are readily accessible to our clients with the protection they need to navigate new and emerging risks.”

The post Everest names Emily Davis as Head of Reinsurance Global Specialties appeared first on ReinsuranceNe.ws.

In her new position, Dajjani will oversee the alignment of the firm’s international reinsurance operations across all markets.

Most recently, she served as the Regional Manager at Everest Reinsurance from September 2021 for over three years.

Dajjani’s prior roles include serving as an Underwriter at MS Amlin for over nine years and Actuarial Analyst before that.

She started her career as an Actuarial Analyst at Island Heritage in 2006, after which she moved to serve as a Pricing Actuary at Flagstone Reassurance Suisse based in Martigny.

Recently, Everest Insurance, the insurance division of Everest Group appointed HDI Global’s Nuno Antunes as Global Head of Multinational Services, and Ning Xu as Manager, Multinational Network Partners.

The post Everest Re promotes Shirine Dajjani as the International Reinsurance Operating Officer appeared first on ReinsuranceNe.ws.

In prior years, the agency ranked the top 50 global reinsurers in a single list, but now, with the adoption of IFRS 17, the agency’s approach has now changed. Therefore, companies that report under IFRS 17 are ranked 1-15 based on gross reinsurance revenue, while companies that report under non-IFRS 17 are ranked 1-35 based on gross written reinsurance premium (GWP)

Both Munich Re and Swiss Re remain the largest global reinsurers, but they are using different accounting standards this year, however this will change once Swiss Re adopts IFRS 17.

In terms of gross reinsurance revenue, Munich Re posted $32.9 billion, as well as a non-life combined ratio of 85.2% in 2023.

Munich Re’s growth in reinsurance revenue, is mainly attributable to P&C reinsurance, which was driven by the expansion of existing business, but countered in part by negative currency translation effects.

As for Swiss Re – which took the top spot among non-IFRS 17 reporting companies – the reinsurer posted $40.5 billion in GWP in 2023.

Hannover Re came in second place under companies that report under IFRS 17, while Berkshire Hathaway came in second place among non-IFRS 17, respectively.

Hannover Re reported $27.0 billion in gross reinsurance revenue and posted a non-life combined ratio of 94% in 2023, while Berkshire Hathaway posted $27.4 billion in GWP in 2023.

French reinsurer SCOR came in third place, reporting under IFRS 17, securing $17.5 billion in gross reinsurance revenue in 2023, while Lloyd’s sat in third place under non-IFRS 17, seeing premium growth of 19.1%, from $18.5 billion to $22.1 billion in 2023.

Reinsurance Group of America (RGA) and RenaissanceRe came in fourth and fifth place for non-IFRS 17 reporting, respectively, with RGA posting $14.3 billion in GWP and RenaissanceRe posting $12.3 billion in GWP.

Everest Re took the sixth spot, moving up four places from last year, securing $11.5 billion in GWP in 2023, while Arch Capital Group, came in seventh place, compared to its spot in fourteenth last year, posting $9.1 billion in GWP.

PartnerRe, MS&AD Insurance Group Holdings, and General Insurance Corporation of India closed out the top 10 for non-IFRS 17, coming in at eighth, ninth and tenth place, respectively.

PartnerRe posted $9.1 billion in GWP in 2023, with MS&AD posting $5.8 billion, along with General Insurance Corporation of India reporting $4.5 billion.

Going back to companies reporting under IFRS 17, China Re came in fourth place with $6.0 billion in gross reinsurance revenue in 2023, while Italy-headquartered insurer Generali, shifted to fifth place with $4.2 billion in gross reinsurance revenue.

Korean Reinsurance Company jumped up to sixth place, posting $4.0 billion in gross reinsurance revenue in 2023, while Canada Life Re moved down to seventh place – after sitting in fourth place last year – with $3.5 billion in gross reinsurance revenue in 2023.

Sompo International Holdings, AXA XL and Peak Reinsurance (Peak Re) closed out the top 10 reporting under IFRS 17, coming in eighth, ninth and tenth place, respectively.

Sompo Intl. posted $3.0 billion in gross reinsurance revenue in 2023, while AXA XL, closely behind, posted $2.8 billion.

And lastly, Hong Kong-domiciled reinsurer, Peak Re, posted $1.5 billion in gross reinsurance revenue in 2023.

The post Munich Re & Swiss Re remain the world’s largest reinsurers appeared first on ReinsuranceNe.ws.

In his new role, McBride will lead claims across Everest’s insurance and reinsurance divisions, working closely with the firm’s global leaders.

Most recently, as the Global Head of Claims at Everest Insurance, he developed a highly talented team, with enhanced capabilities, service and expertise.

Before joining Everest in 2021, McBride served as Executive Vice President, Claims at Chubb and has led claims functions at ACE, QBE Insurance Group in Europe, and Aon.

Garcia, the new Global Reinsurance Chief Claims Officer, will be based in Miami and will report to McBride. He will work closely with Jill Beggs, Reinsurance Chief Operating Officer, and her Global Executive team to direct the function’s strategy and operations.

Garcia has more than three decades of claims leadership experience, most recently as Senior Vice President of Claims for Latin America at Chubb, where he designed and executed the organization’s claims strategy. In the past, he has also served as Chief Claims Officer for Latin America at Zurich and AIG.

Juan C. Andrade, Everest President and Chief Executive Officer, commented, “Exceptional claims management is a cornerstone of Everest’s reputation. Andrew and Lope are both seasoned and trusted leaders, with a record of building successful global claims operations. I look forward to working with both of them as we continue providing the superior service and experience Everest is known to deliver.”

The post Everest appoints new Chief Claims Officers appeared first on ReinsuranceNe.ws.

Voralia commented on the appointment, “Mayur’s business acumen, coupled with the depth of his underwriting expertise makes him the ideal leader to support our continued evolution as a preferred partner.

“He brings a strong vision for the future of our Treaty Casualty Team that will enhance the business and drive success in the years to come.”

Doshi joined Everest in 2019 as Vice President, U.S. Treaty Casualty, from The Navigators Group, where his remit included being responsible for treaty and facultative reinsurance purchasing across the firm’s long-tail lines of business.

Doshi spent more than a decade with Odyssey Reinsurance Company, chiefly serving as Senior Casualty and Facultative Underwriter. He has additionally previously held positions of increasing responsibility with Swiss Re, among other major firms.

Doshi serves as a Director on the Intermediaries & Reinsurance Underwriters Association (IRUA) Board.

Jill Beggs, Reinsurance Executive Vice President and Chief Operating Officer, commented, “Mayur is a proven leader whose deep industry expertise will continue to bring the highest level of service and support our clients and brokers need in today’s dynamic casualty market.

“We continue to invest in the strength of our leadership team, positioning seasoned experts in key roles who understand the diverse risk management demands of our clients and brokers.”

The post Everest Re appoints Mayur Doshi as Head of NA Treaty Casualty appeared first on ReinsuranceNe.ws.

Beggs spent the first decade of her underwriting career at Everest, and joined Munich Re in 2002 where she worked for 20 years in various roles, before rejoining Everest in 2021 as Senior Vice President and Head of North America Reinsurance.

Most recently, she served as Everest’s Head of North America Reinsurance and Global Specialty Reinsurance, where she drove the portfolio’s profitable expansion and key global growth initiatives.

In her new role as Reinsurance Executive Vice President and COO, Beggs will be tasked with managing the profitable growth of the division’s worldwide portfolio, including Global Treaty, Facultative, Specialty reinsurance, and Mt. Logan.

She will continue to report to Jim Williamson, Everest Group COO and Head of Reinsurance.

“Jill is a consummate leader whose deep experience and collaborative approach have consistently raised the bar for both the reinsurance market and Everest’s business,” said Williamson. “Along with our outstanding leadership team, I look forward to working with Jill in her expanded role as we further strengthen our preferred lead market position and continue to deliver on our strategic objectives.”

At the same time, Everest has promoted Voralia, currently Head of Treaty Casualty & Surety, to Reinsurance Head of North America Treaty, where he will lead the unit’s treaty reinsurance business across the US, Bermuda, and Canada, reporting to Beggs. Until a successor is named, Voralia will continue to lead the reinsurance division’s North America Treaty Casualty business.

Voralia joined Everest in 2022 with more than two decades of industry experience, having previously held numerous domestic and global leadership roles at Swiss Re, most recently as Head of U.S. Globals Casualty Treaty Underwriting.

Juan Andrade, Everest President and CEO, said: “Jill and Jiten embody the collaborative, high-performing culture that distinguishes Everest in the market and makes us home to the industry’s best talent.

“Their well-deserved promotions are a testament to the strength of Everest’s leadership team and success of our reinsurance business, which continues to deliver vital protection and exceptional value to our stakeholders.”

The post Everest promotes Jill Beggs to COO of Reinsurance appeared first on ReinsuranceNe.ws.