Hashtag: #EverestRe

AM Best Affirms Credit Ratings of Everest Re

AM Best Affirms Credit Ratings of Everest Re

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” of the operating subsidiaries of Bermuda-based Everest Re Group, Ltd. The ratings agency said, “Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. and Everest Reinsurance Holdings, Inc.... Read more of this article

Everest Re Group Announces $1.55 Dividend

Everest Re Group Announces $1.55 Dividend

Bermuda-based Everest Re Group, Ltd. announced that on May 13, 2020 its Board of Directors declared a dividend of $1.55 per share payable on or before June 10, 2020 to all shareholders of record as of May 27, 2020. Related StoriesEverest Announces Lawyers’ Liability Program Everest & Dovetail New Workers’ Compensation Addesso:... Read more of this article

Everest Announce Estimated Impact Of Covid-19

Everest Announce Estimated Impact Of Covid-19

Everest Re Group announced the estimated impact from the Covid-19 pandemic on its first quarter 2020 results. A spokesperson said, “Everest is providing details in advance of its full quarterly earnings to be released on May 6, 2020. As the situation surrounding the Covid-19 pandemic continues to evolve, our thoughts are with everyone who has... Read more of this article

Everest Announces Senior Leadership Changes

Everest Announces Senior Leadership Changes

Everest Re Group, Ltd. announced that Sanjoy Mukherjee will transition from his Bermuda role on April 1 and return to his full time duties as General Counsel and Corporate Secretary of Everest Re Group, Ltd. The company said, “Everest Re Group announced today that Sanjoy Mukherjee, Executive Vice President, General Counsel and Corporate Secretary,... Read more of this article

Everest Re Group Announces $1.55 Dividend

Everest Re Group Announces $1.55 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.55 per share payable on or before March 30, 2020 to all shareholders of record as of March 11, 2020. Related StoriesEverest Announces Lawyers’ Liability Program Everest & Dovetail New Workers’ Compensation Addesso: “Exceptional... Read more of this article

Everest Re Reports Full Year & Q4 2019 Results

Everest Re Reports Full Year & Q4 2019 Results

Bermuda-based Everest Re Group, Ltd. reported that for the full year ended December 31, 2019, net income was $1,009.5 million, or $24.70 per diluted common share, compared to net income of $89.0 million, or $2.17 per diluted common share, for the year ended December 31, 2018. The company said, “After-tax operating income for the year was $872.4... Read more of this article

Everest  & Dovetail New Workers’ Compensation

Everest & Dovetail New Workers’ Compensation

Everest Insurance is pleased to announce that it has engaged with Dovetail, a Victor company, to offer its workers’ compensation product through this online platform. Dovetail’s online platform enables agents and brokers to quickly acquire policies for their small commercial clients. The program is currently available in Illinois, and is expected... Read more of this article

Everest Announces Lawyers’ Liability Program

Everest Announces Lawyers’ Liability Program

Everest Insurance announced it has joined with Embroker to provide a new online Lawyers’ Professional Liability program for law firms with up to ten employed attorneys. “Through Embroker’s state of the art digitized platform, Everest’s Lawyers’ Professional Liability policy offers several value added coverage enhancements. The coverage... Read more of this article

Everest Expects Q4 Catastrophe Loss Of $215M

Everest Expects Q4 Catastrophe Loss Of $215M

Everest Re Group said it expects to report Catastrophe losses in the fourth quarter of 2019 of $215 million, which consist of Typhoon Hagibis in the amount of $190 million and tornado losses in Dallas, Texas in the amount of $25 million. The company said, “Catastrophe losses are net of estimated reinsurance recoveries and reinstatement premiums. Also... Read more of this article

Everest Re Increases Quarterly Dividend By 11%

Everest Re Increases Quarterly Dividend By 11%

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors approved an 11% increase to its regular quarterly dividend from $1.40 to $1.55 per common share. This dividend will be payable on or before December 24, 2019 to all shareholders of record as of December 4, 2019. Related StoriesEverest Announces Lawyers’ Liability... Read more of this article

Everest Estimate Q3 Losses Of $280 Million

Everest Estimate Q3 Losses Of $280 Million

Everest Re Group, Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million. This amount is net of reinsurance recoveries and reinstatement premiums. Net of tax, the Everest loss estimate is $225 million. “The catastrophe losses are related to the third quarter 2019 events of Hurricane... Read more of this article

Everest Announces UK Branch Fully Operational

Everest Announces UK Branch Fully Operational

Everest Insurance announced that its UK Branch is fully operational. The Branch has full capabilities to write Contingency, Credit and Political Risk, Financial and Professional Lines, General Liability, Medical Malpractice, Property, Specie, Surety and US Excess Casualty. Linda Ryan, CEO of EIID said, “The UK branch further enhances the ability of... Read more of this article

Everest Re Announces Buyout Of Salus Systems

Everest Re Announces Buyout Of Salus Systems

Everest Insurance announced that the Company has purchased all outstanding remaining shares of its joint venture partner, Salus Systems, LLC. The company said, “Everest Insurance announced that the Company has purchased all outstanding remaining shares of its joint venture partner, Salus Systems, LLC. Salus, founded in January 2017, develops... Read more of this article