Everest Group has appointed Craig Hanrahan (pictured) as Chief Industrial Officer, International Distribution, efficient August 1, 2026, in an appointment with particular industrial timing. Common industrial P&C insurance coverage premiums throughout all account sizes fell 1.2% within the first quarter of 2026, the primary broad decline since 2017, ending 33 consecutive quarters of positive factors, and 72% of brokers reported a rise in actual property underwriting capability, in response to the Insurance coverage Brokers and Brokers Council’s Industrial P&C Market Index. On the reinsurance entrance, international reinsurance capital reached an all-time excessive of $785 billion on the finish of 2025 per Aon, whereas the Man Carpenter Actual Property Disaster Fee On-line Index fell 12% in its January 2026 replace, giving cedants significantly extra bargaining energy than within the latest arduous market. If each the insurance coverage and reinsurance sides of an built-in group face softening on the similar time, distribution and middleman relationships will turn into key aggressive differentiators. Hanrahan’s newly expanded international mission is designed to handle simply this.
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