Everest Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/everest/ Fri, 19 Dec 2025 08:10:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 1.1 renewals steady despite delays as excess capacity drives softer pricing across APAC https://insuranceasianews.com/1-1-renewals-steady-as-excess-capacity-drives-softer-pricing-across-asia-pacific/ Sun, 21 Dec 2025 23:30:22 +0000 https://insuranceasianews.com/?p=207330 Reinsurers and brokers report competitive pricing, stable terms, and selective loss impacts, with abundant capacity reshaping negotiations and, in some cases, cedents pushing for up to 20% rate reductions.

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The ongoing January 1 reinsurance renewals are progressing in an orderly yet dynamic fashion, with a mix of stabilising conditions, competitive pricing, and shifting structural preferences as abundant...

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‘We’re built to last’: Everest Re’s Kevin Bogardus on Asia growth with diversification, client focus key https://insuranceasianews.com/were-built-to-last-everest-res-kevin-bogardus-on-asia-growth-with-diversification-client-focus-key/ Wed, 03 Dec 2025 23:30:40 +0000 https://insuranceasianews.com/?p=204676 Regional CEO speaks to IAN about reinforcing the reinsurer's APAC footprint by sticking to a long-term, relationship-driven strategy, ramping up speciality and structured solutions, and moving closer to key markets such as India.

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Everest Re is charting a steady, deliberate course in Asia Pacific, building a diversified portfolio and deepening long-term partnerships and expanding its specialty offerings, regional CEO Kevin Boga...

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Everest Re doubles down on specialty as APAC demand rises https://insuranceasianews.com/everest-re-doubles-down-on-specialty-as-apac-demand-rises/ Tue, 04 Nov 2025 12:00:38 +0000 https://insuranceasianews.com/?p=203679 Demand for bespoke solutions and interest in parametric structures that deliver faster recovery and greater flexibility are growing, according to Kevin Bogardus, chief executive for Everest Re in Singapore.

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Demand for bespoke solutions and interest in parametric structures that deliver faster recovery and greater flexibility are growing, according to Kevin Bogardus, chief executive of Everest Re in Singapore.

1. What are the business growth priorities and focuses of Everest Re? How does the GIFT City expansion in India fit into the growth strategies?

Over the past few years, Everest has expanded its presence, diversified its offerings, and deepened relationships across Asia Pacific (APAC), positioning us to partner with our clients and brokers across a myriad of global specialty lines such as parametric, surety, cyber, engineering, and renewable energy, while maintaining disciplined growth and selective deployment of capacity in traditional property and casualty lines.

Moreover, Everest Re in Asia has positioned itself as a credible lead quoting market across various lines of business, including specialty.

Our recently launched GIFT City office enhances our local engagement and supports expansion across property, casualty, and specialty lines, reinforcing Everest’s global strength with local precision whilst demonstrating our commitment to long-term investment in key growth markets.

This aligns with the broader trend across Asia Pacific, where clients are increasingly seeking bespoke and innovative solutions.

2. How is your appetite for Asian risks evolving?

Our appetite continues to broaden thoughtfully across lines, supported by continued capacity, robust analytics, and a long-term partnership approach.

As local economies throughout the region continue to develop and diversify, demand for specialised risk transfer solutions is rising rapidly, and Everest is well-positioned to respond. We remain consistent through cycles, deliberate in our growth, and built for the long term.

3. What are the major trends you are seeing in the region for the upcoming renewal?

Renewals are expected to be measured, disciplined, and partnership-driven. Capacity demand remains strong, especially in some specialty lines.

Recent natural catastrophe activity, including the typhoons and floods in southern China and Southeast Asia, as well as earthquakes in the Philippines, have reinforced the importance of sustained underwriting discipline and risk awareness.

Retention levels remain reasonable, but there is growing demand for bespoke solutions and increased interest in parametric structures that deliver faster recovery and greater flexibility.

4. What are the specific opportunities and challenges you see in APAC?

Opportunities exist for reinsurers that can take a broad and holistic approach, including meeting the growing demand for specialised risk transfer and analytics-driven solutions.

Meanwhile, there is heightened focus on natural catastrophe volatility and emerging risks such as cyber and climate change.

Everest’s local presence, technical expertise, product agility, and long-term perspective position us well to help clients navigate this evolving landscape. Our ability to “find the yes” and deliver innovative yet disciplined solutions remains a key differentiator.

5. What more would you like cedents to do to secure capacity and ensure orderly renewals?

Engage early with us, share robust data, and stay open to innovative and broad-based structures. Clear communication and transparency throughout the process are key.

By collaborating proactively, we can ensure that cedents secure the best outcomes and strengthen our long-term partnerships.

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Everest offloads retail commercial renewal rights to AIG https://insuranceasianews.com/everest-offloads-us2bn-of-retail-commercial-renewal-rights-to-aig/ Tue, 28 Oct 2025 03:12:43 +0000 https://insuranceasianews.com/?p=202997 Everest Group has said it will 'sharpen' its focus on its global reinsurance and wholesale and specialty insurance business

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Bermudian (re)insurer Everest Group has sold its retail commercial renewal rights to AIG, including for Asia Pacific, booked a US$478 million reserving charge in Q3 and secured US$1.2 billion of adver...

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Everest taps Simon Lim to lead APAC multinational network strategy https://insuranceasianews.com/everest-taps-simon-lim-to-lead-apac-multinational-network-strategy/ Fri, 26 Sep 2025 08:00:09 +0000 https://insuranceasianews.com/?p=200791 Lim, who joins the firm following a long tenure at AIG, will support the expansion of multinational capabilities across the region.

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Everest has appointed Simon Lim as multinational network manager for Asia Pacific (APAC), according to a LinkedIn update by Asia head of insurance Tomi Latva-Kiskola.
Singapore-based Lim (pictured) jo...

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Everest Re launches in India, opens Gift City office https://insuranceasianews.com/everest-re-launches-in-india-opens-gift-city-office/ Tue, 23 Sep 2025 02:43:14 +0000 https://insuranceasianews.com/?p=200481 Everest Re joins the growing list of reinsurers opening offices in India's special economic zone.

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Everest Re has opened a new office in India's Gujarat International Finance Tec-City (Gift City), joining the growing list of (re)insurers that have expanded in the nascent financial hub.
In a stateme...

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Everest promotes James McPartland to Asia head of property https://insuranceasianews.com/everest-promotes-james-mcpartland-to-asia-head-of-property/ Mon, 04 Aug 2025 08:20:29 +0000 https://insuranceasianews.com/?p=196781 Melbourne-based McPartland joined Everest from Chubb in January 2024.

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Everest has promoted James McPartland to its head of property for Asia, according to a LinkedIn update from Asia head of insurance Tomi Latva-Kiskola.
Melbourne-based McPartland (pictured) joined Ever...

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Catherine Soyka joins Everest’s Singapore reinsurance team https://insuranceasianews.com/catherine-soyka-joins-everests-singapore-reinsurance-team/ Tue, 29 Jul 2025 02:10:28 +0000 https://insuranceasianews.com/?p=196261 Soyka joins from Chaucer Group as an assistant vice president for reinsurance underwriting for Oceania.

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Catherine Soyka has joined Everest's reinsurance team in Singapore as an assistant vice president for reinsurance underwriting for Oceania, according to a LinkedIn update from APAC head of talent acqu...

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Everest Insurance launches Korea desk, led by Brian Jee https://insuranceasianews.com/everest-insurance-launches-korea-desk-led-by-brian-jee/ Wed, 25 Jun 2025 03:29:26 +0000 https://insuranceasianews.com/?p=193695 Singapore-based Jee joined Everest two years ago from Chubb as a senior underwriter.

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Everest Insurance has launched its new South Korea desk, led by Brian Jee, according to a LinkedIn announcement by Tomi Latva-Kiskola, head of insurance for Asia.
Singapore-based Jee (pictured), who j...

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Everest Insurance launches Korea desk, led by Brian Jee https://insuranceasianews.com/everest-insurance-launches-korea-desk-led-by-brian-jee/ Wed, 25 Jun 2025 03:29:26 +0000 https://insuranceasianews.com/?p=193695 Singapore-based Jee joined Everest two years ago from Chubb as a senior underwriter.

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Everest Insurance has launched its new South Korea desk, led by Brian Jee, according to a LinkedIn announcement by Tomi Latva-Kiskola, head of insurance for Asia.
Singapore-based Jee (pictured), who j...

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