Upward pressure on casualty re cedes 'very modest at this point': Everest’s Andrade
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Upward pressure on casualty re cedes 'very modest at this point': Everest’s Andrade

James Thaler, 
Eli Rallo
July 29, 2021
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Everest Re chief executive Juan Andrade acknowledged on Thursday that underlying rate increases on primary business had led to some “some upward pressure” on ceding commissions for casualty quota share deals, but he downplayed the notion that the trend was broad-based.

The chief executive was speaking on a call with analysts after Everest reported stand-out second-quarter earnings that included a surge in underwriting profits and reinsurance premium volumes that grew by 40%.

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