Juan Andrade

Juan Andrade became President and CEO of Everest Group (formerly Everest Re Group) in 2020, bringing experience from AIG and Chubb. He leads a Bermuda-domiciled company that operates both reinsurance and primary insurance businesses globally, with a strategic emphasis on property catastrophe reinsurance — one of the most profitable but volatile segments of the insurance industry. Andrade's tenure has coincided with a historically favorable reinsurance pricing environment. After years of catastrophe losses (hurricanes, wildfires, secondary perils) that depleted industry capital, reinsurance prices surged, and capacity tightened. Andrade aggressively grew Everest's reinsurance book during this hard market, writing significantly more property catastrophe business at pricing levels not seen in decades. This strategy drove premium growth exceeding 20% annually. His key challenge is risk management: writing more catastrophe reinsurance means more exposure to major natural disasters. A severe hurricane season or earthquake event could produce outsized losses. Andrade's decisions on risk appetite, catastrophe exposure limits, reserving adequacy, geographic and peril diversification, and capital management (balancing growth against shareholder returns) are the primary stock drivers. The company's combined ratio, catastrophe loss experience, and book value growth per share are the most closely watched metrics.