Everest still likes property cat, but isn’t in a must-buy bind for 1/1

Property cat pricing remains sufficiently rate adequate to merit further appetite as ongoing softening is only capable of trimming deals around the margin, but refashioned reinsurer Everest need not pile into the market just to replace volumes it is shedding in its evacuation of the primary commercial market, Everest CEO Jim Williamson (pictured) has argued.