Question · Q3 2025
Charles Gregory Peters questioned Everest Group's confidence in its casualty reserves within the reinsurance business, especially following the cleanup of its insurance operations. He also asked about the outlook for property reinsurance pricing conditions in 2026, considering a 'light year' and increasing PMLs.
Answer
Jim Williamson, President and CEO, differentiated the portfolios, stating the insurance book was 'bottom quartile' while reinsurance is 'top quartile' with consistent disciplined underwriting. Regarding property reinsurance, Mr. Williamson noted a still favorable environment despite likely 10% price decreases at 1/1/2026, emphasizing selectivity and long-term strategy over short-term market reactions.