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Everest Re Increases Quarterly Dividend By 8%

Everest Re Increases Quarterly Dividend By 8%

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors approved an 8% increase to its regular quarterly dividend from $1.30 to $1.40 per common share. This dividend will be payable on or before December 12, 2018 to all shareholders of record as of November 28, 2018. Related StoriesAddesso: “Exceptional Quarter”... Read more of this article

Everest Re Report Q3 Net Income Of $205.6M

Everest Re Report Q3 Net Income Of $205.6M

Bermuda-based Everest Re Group reported third quarter 2018 net income of $205.6 million, or $5.02 per diluted common share, compared to net loss of $639.4 million, or $15.73 per common share for the third quarter of 2017. After-tax operating income was $167.5 million, or $4.09 per diluted common share, for the third quarter of 2018, compared to after-tax... Read more of this article

Everest Hires Vandendael As International CEO

Everest Hires Vandendael As International CEO

Everest Insurance, the diversified specialty insurance division of Everest Re Group, Ltd., announced the addition of Vincent Vandendael as CEO of Everest Insurance International. Vincent will lead all facets of the Everest Insurance operations outside of North America. He will join the Everest Insurance global leadership team and will report to Jonathan... Read more of this article

Everest Re Group Declares $1.30 Dividend

Everest Re Group Declares $1.30 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.30 per share payable on or before September 19, 2018 to all shareholders of record as of September 5, 2018. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance... Read more of this article

Everest Re Report Q2 Net Income Of $69.9M

Everest Re Report Q2 Net Income Of $69.9M

Bermuda-based Everest Re Group, Ltd. reported second quarter 2018 net income of $69.9 million, or $1.70 per diluted common share, compared to net income of $245.7 million, or $5.95 per diluted common share for the second quarter of 2017. After-tax operating income was $40.4 million, or $0.98 per diluted common share, for the second quarter of 2018,... Read more of this article

Everest Re Group Net Reserve Adjustments

Everest Re Group Net Reserve Adjustments

Everest Re Group, Ltd. announced that it expects to report a charge for net reserve adjustments of approximately $250 million, after tax, for the second quarter of 2018. These reserve adjustments are related to prior year catastrophe events and include a partial offset from favorable prior year development of non-catastrophe reserves. The prior year... Read more of this article

Everest Re Group Declares $1.30 Dividend

Everest Re Group Declares $1.30 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.30 per share payable on or before June 13, 2018 to all shareholders of record as of May 30, 2018. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance... Read more of this article

Everest Re Group’s 2018 First Quarter Results

Everest Re Group’s 2018 First Quarter Results

Bermuda-based Everest Re Group, Ltd. reported first quarter 2018 net income of $210.3 million, or $5.11 per diluted common share, compared to net income of $291.6 million, or $7.07 per diluted common share for the first quarter of 2017. After-tax operating income1 was $219.7 million, or $5.34 per diluted common share, for the first quarter of 2018,... Read more of this article

Everest Re Group Expect $100M In Losses

Everest Re Group Expect $100M In Losses

Bermuda-based Everest Re Group expects to incur $100 million of estimated catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and related events. “A series of wildfires burned across many areas of California in October and December of 2017,... Read more of this article

Addesso: “Exceptional Quarter” For Everest

Addesso: “Exceptional Quarter” For Everest

Bermuda-based Everest Re Group reported fourth quarter 2017 net income of $571.0 million, or $13.85 per diluted common share, compared to net income of $373.6 million, or $9.08 per diluted common share, for the fourth quarter of 2016. After-tax operating income1, excluding realized capital gains and losses and the tax charge related to the enactment... Read more of this article

Everest Insurance Appoints New President

Everest Insurance Appoints New President

Bermuda-based Everest Re Group, Ltd. announced that Jonathan M. Zaffino has been named President and CEO of the Everest Insurance Division, effective immediately. Mr. Zaffino joined Everest in 2015 and most recently held the position of President of the North America Insurance Division. In his new role, he will be responsible for planning and executing... Read more of this article

Everest Creates Private/NFP Business Segment

Everest Creates Private/NFP Business Segment

Everest Re Group, Ltd. announced the formation of a Private Company/Not-for-Profit business segment [Private/NFP] within the Everest Specialty Underwriters unit of Everest Insurance. This new business segment will compliment all areas of Everest’s expanding Financial Lines division. The Private /NFP team will target small, middle and large Private/Not-for-Profit... Read more of this article

Everest Re Group 2017 Q3 Net Loss: $639.4M

Everest Re Group 2017 Q3 Net Loss: $639.4M

Bermuda-based Everest Re Group, Ltd. reported a net loss of $639.4 million, or $15.73 per common share for the third quarter 2017 compared to net income of $295.4 million, or $7.06 per diluted common share, for the third quarter of 2016. The after-tax operating loss, excluding realized capital gains and losses, was $667.6 million, or $16.43 per common... Read more of this article