Everest Re expects reinsurance renewal rates to increase for property catastrophe , specialty and casualty lines , reins Sachs executives have said , following a meeting with the reinsurer 's management team . Most of Everest Re 's resinsurance growth has come from mortgage reinsurance and structured / credit . The company 's wildfire insurance losses could reach $ 400 m this year , based on its $ 285 m share of last year 's $ 13bn losses from Californian wildfires , according to reins Sachs . In response to such losses , Everest Re is moving away from property catastrophe .
Everest Re expects reinsurance renewal rates to increase for property catastrophe, specialty and casualty lines, Goldman Sachs analysts have said, following a meeting with the reinsurer's management team. Most of Everest Re's resinsurance growth has come from mortgage reinsurance and structured/credit. The company's wildfire reinsurance losses could reach $400m this year, based on its $285m share of last year's $13bn losses from Californian wildfires, according to Goldman Sachs. In response to such losses, Everest Re is moving away from property catastrophe.