Daily Digest: Everest bullish on mid-year renewals, EU regulator on AI, UN calls for climate action

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Everest expects 'terrific economics' at mid-year reinsurance renewals Attractive property reinsurance market conditions are expected to continue into 2025, supported by elevated catastrophe losses and continued disciplined underwriting, senior executives at Everest Group said. Speaking to analysts, executives at the Bermuda-based carrier said programmes attachment points and terms and conditions “continued to hold” at recent renewals, while rates had maintained their upward trajectory.