Everest Re hired Michael Kerner, who previously led Zurichs general insurance unit, to head the strategy and risk management team as the reinsurer reshapes management.
The past decade was volatile for personal lines insurers. However, during this period, 19 companies were standouts, leading their peers in both growth and profitability.
The Hamilton, Bermuda-based insurers says second-quarter gross written premiums were up 39 percent, primarily driven by a large Florida quota share reinsurance contract.
Everest Re reports first-quarter net income was up 26 percent on the strength of no catastrophe losses and improved pricing during the first quarter of this year.
Bermuda reinsurer Everest Re Group says it expects $245 million in fourth-quarter catastrophe losses, including an estimated $145 million in losses related to the flooding in Thailand.