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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

Everest Re Group Announces $1.40 Dividend

Everest Re Group Announces $1.40 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before September 18, 2019 to all shareholders of record as of September 4, 2019. Related StoriesAddesso: “Exceptional Quarter” For Everest Everest Insurance Appoints New President Everest Insurance Launch... Read more of this article

Andrade Named Everest Chief Operating Officer

Andrade Named Everest Chief Operating Officer

Juan C. Andrade has been named Everest Re Group Chief Operating Officer effective September 1, 2019. Effective January 1, 2020, Mr. Andrade will succeed Mr. Dominic J. Addesso as President and Chief Executive Officer. Mr. Andrade has more than 25 years of experience in the insurance industry, successfully leading large and complex domestic and international... Read more of this article

Everest Re Report Q2 Net Income Of $342.9M

Everest Re Report Q2 Net Income Of $342.9M

Bermuda-based Everest Re Group reported second quarter 2019 net income of $342.9 million, or $8.39 per diluted common share, compared to net income of $69.9 million, or $1.70 per diluted common share for the second quarter of 2018. After-tax operating income was $320.9 million, or $7.85 per diluted common share, for the second quarter of 2019, compared... Read more of this article

Everest Re Group Declares $1.40 Dividend

Everest Re Group Declares $1.40 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before June 12, 2019 to all shareholders of record as of May 29, 2019. Related StoriesAddesso: “Exceptional Quarter” For Everest Everest Insurance Appoints New President Everest Insurance Launch Alternative... Read more of this article

Everest Re Report Q1 Net Income Of $348.9M

Everest Re Report Q1 Net Income Of $348.9M

Bermuda-based Everest Re Group, Ltd. reported first quarter 2019 net income of $348.9 million, or $8.54 per diluted common share, compared to net income of $210.3 million, or $5.11 per diluted common share for the first quarter of 2018. After-tax operating income was $282.4 million, or $6.91 per diluted common share, for the first quarter of 2019, compared... Read more of this article

Everest Re Group Declares $1.40 Dividend

Everest Re Group Declares $1.40 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before March 20, 2019 to all shareholders of record as of March 6, 2019. Related StoriesAddesso: “Exceptional Quarter” For Everest Everest Insurance Appoints New President Everest Insurance Launch Alternative... Read more of this article

Everest Re Report 2018 Net Income: $103.6M

Everest Re Report 2018 Net Income: $103.6M

Bermuda-based Everest Re Group reported fourth quarter 2018 net loss of $382.3 million, or $9.50 per common share, compared to net income of $571.0 million, or $13.85 per diluted common share for the fourth quarter of 2017. After-tax operating loss was $236.9 million, or $5.89 per common share, for the fourth quarter of 2018, compared to after-tax... Read more of this article

Everest Re Expects $695M Catastrophe Loss

Everest Re Expects $695M Catastrophe Loss

Bermuda-based Everest Re Group said it expects to incur in the fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. “The catastrophe losses were related to the fourth quarter 2018 events of Hurricane Michael which impacted Florida and other states in the Southeastern US, the Camp and... Read more of this article

Everest Re CEO Plans To Retire At End Of 2019

Everest Re CEO Plans To Retire At End Of 2019

The Board of Directors of Everest Re Group Ltd. said they have been informed by their President and Chief Executive Officer, Dominic J. Addesso, that “he will retire at the end of his contract term on December 31, 2019.” As a result, the Board is undertaking a search as part of its succession planning process which will include a review... Read more of this article

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