SIRC: Everest Re doubles down on specialty as APAC demand rises

November 4 2025 by

Demand for bespoke solutions and interest in parametric structures that deliver faster recovery and greater flexibility are growing, according to Kevin Bogardus, chief executive of Everest Re in Singapore.

1. What are the business growth priorities and focuses of Everest Re? How does the GIFT City expansion in India fit into the growth strategies?

Over the past few years, Everest has expanded its presence, diversified its offerings, and deepened relationships across Asia Pacific (APAC), positioning us to partner with our clients and brokers across a myriad of global specialty lines such as parametric, surety, cyber, engineering, and renewable energy, while maintaining disciplined growth and selective deployment of capacity in traditional property and casualty lines.

Moreover, Everest Re in Asia has positioned itself as a credible lead quoting market across various lines of business, including specialty.

Our recently launched GIFT City office enhances our local engagement and supports expansion across property, casualty, and specialty lines, reinforcing Everest’s global strength with local precision whilst demonstrating our commitment to long-term investment in key growth markets.

This aligns with the broader trend across Asia Pacific, where clients are increasingly seeking bespoke and innovative solutions.

2. How is your appetite for Asian risks evolving?

Our appetite continues to broaden thoughtfully across lines, supported by continued capacity, robust analytics, and a long-term partnership approach.

As local economies throughout the region continue to develop and diversify, demand for specialised risk transfer solutions is rising rapidly, and Everest is well-positioned to respond. We remain consistent through cycles, deliberate in our growth, and built for the long term.

3. What are the major trends you are seeing in the region for the upcoming renewal?

Renewals are expected to be measured, disciplined, and partnership-driven. Capacity demand remains strong, especially in some specialty lines.

Recent natural catastrophe activity, including the typhoons and floods in southern China and Southeast Asia, as well as earthquakes in the Philippines, have reinforced the importance of sustained underwriting discipline and risk awareness.

Retention levels remain reasonable, but there is growing demand for bespoke solutions and increased interest in parametric structures that deliver faster recovery and greater flexibility.

4. What are the specific opportunities and challenges you see in APAC?

Opportunities exist for reinsurers that can take a broad and holistic approach, including meeting the growing demand for specialised risk transfer and analytics-driven solutions.

Meanwhile, there is heightened focus on natural catastrophe volatility and emerging risks such as cyber and climate change.

Everest’s local presence, technical expertise, product agility, and long-term perspective position us well to help clients navigate this evolving landscape. Our ability to “find the yes” and deliver innovative yet disciplined solutions remains a key differentiator.

5. What more would you like cedents to do to secure capacity and ensure orderly renewals?

Engage early with us, share robust data, and stay open to innovative and broad-based structures. Clear communication and transparency throughout the process are key.

By collaborating proactively, we can ensure that cedents secure the best outcomes and strengthen our long-term partnerships.

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