Everest Group has named Craig Hanrahan (pictured) as global distribution and chief commercial officer, effective August 1, 2026, in an appointment that takes a typical commercial time. According to the Council of Insurance Agents & Brokers’ Commercial P&C Market Index, average commercial P&C premiums across all account sizes fell 1.2% in Q1 2026, the first widespread decline since 2017 and the end of a 33-quarter surge, with 72% of brokers reporting an increase in property underwriting capacity. On the reinsurance side, global reinsurance capital reached a record $785 billion at the end of 2025 per AON, while Guy Carpenter’s Property Catastrophe Rate-On-Line Index fell 12% at the January 2026 renewal, giving cedants significantly higher negotiating leverage than in the recent tough market. When both the insurance and reinsurance sides of a combined group face downturns simultaneously, distribution and broker relationships become the primary competitive differentiator – something Hanrahan’s newly expanded global mandate is designed to address.
Everest Group appoints Craig Hanrahan as Chief Commercial Officer & more related News Here
