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Everest’s P&C reinsurance book roughly an even split: COO Williamson

As re/insurer Everest Re continues to reduce volatility in its portfolio by cutting its property catastrophe exposure, the firm’s P&C reinsurance book is now comprised of business split closer to 50/50 between property and casualty, according to Jim Williamson, Group Chief Operating Officer (COO).

Zopa gets banking license

Zopa has received a UK banking license, paving the way for the peer-to-peer lending pioneer to launch a brand-new suite of financial products built on proprietary technology.