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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

Everest Re, AXIS & Arch Q3 Loss Estimates

Everest Re, AXIS & Arch Q3 Loss Estimates

More Bermuda-based re/insurers – Everest Re Group, AXIS Capital Holdings and Arch Capital Group – have announced their preliminary estimates of third quarter 2017 catastrophe losses. Everest Re Group: $900 Million Everest Re Group, Ltd. announced that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement... Read more of this article

Everest Obtains Regulatory Approval For Ireland

Everest Obtains Regulatory Approval For Ireland

Bermuda-based Everest Re Group, Ltd. announced that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be named Everest Insurance Ireland, dac [EIID], continues the expansion of the Everest Insurance® franchise, and enables the... Read more of this article

Everest Re Appoints Zaffino As Executive VP

Everest Re Appoints Zaffino As Executive VP

Bermuda-based Everest Re Group, Ltd. announced that Jonathan M. Zaffino, President of the North America Insurance Division and Senior Vice President of Everest Re Group, Ltd., has been appointed Executive Vice President of Everest Re Group, Ltd. Mr. Zaffino joined Everest in 2015 as President of Everest National Insurance Company / U.S. Insurance Operations,... Read more of this article

Everest Re Group Declares $1.25 Dividend

Everest Re Group Declares $1.25 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.25 per share payable on or before September 20, 2017 to all shareholders of record as of September 6, 2017. 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 2017 Second Quarter Results

Everest Re Group 2017 Second Quarter Results

Bermuda-based Everest Re Group, Ltd. reported second quarter 2017 net income of $245.7 million, or $5.95 per diluted common share, compared to net income of $155.7 million, or $3.67 per diluted common share, for the second quarter of 2016. After-tax operating income, excluding realized capital gains and losses, was $227.5 million, or $5.51 per diluted... Read more of this article

Everest Re Group’s 2017 First Quarter Results

Everest Re Group’s 2017 First Quarter Results

Bermuda-based Everest Re Group, Ltd. reported first quarter 2017 net income available to common shareholders of $291.6 million, or $7.07 per diluted common share, compared to net income of $171.7 million, or $4.00 per diluted common share for the first quarter of 2016. After-tax operating income1 available to common shareholders was $259.5 million,... Read more of this article

AM Best Affirms Ratings Of Everest Re Group

AM Best Affirms Ratings Of Everest Re Group

A.M. Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of Everest Reinsurance [Bermuda] Ltd. and its reinsurance and insurance affiliates, collectively Everest Re. Concurrently, A.M. Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. [Bermuda]... Read more of this article

Everest Re Group’s 2016 Fourth Quarter Results

Everest Re Group’s 2016 Fourth Quarter Results

Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2016 net income available to common shareholders of $373.6 million, or $9.08 per diluted common share, compared to net income of $357.3 million, or $8.26 per diluted common share, for the fourth quarter of 2015. After-tax operating income available to common shareholders was $363.4 million,... Read more of this article

Everest Re Third Quarter Net Income: $295.4M

Everest Re Third Quarter Net Income: $295.4M

Bermuda-based Everest Re Group, Ltd. reported third quarter 2016 net income of $295.4 million, or $7.06 per diluted common share, compared to net income of $88.6 million, or $2.00 per diluted common share, for the third quarter of 2015. After-tax operating income1, excluding realized capital gains and losses, was $273.2 million, or $6.53 per diluted... Read more of this article

Everest Re Group Closes $49M Heartland Sale

Everest Re Group Closes $49M Heartland Sale

Bermuda-based Everest Re Group, Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance, Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance capacity on the... Read more of this article

Everest Re: Strategic Alliance, Sale Of Heartland

Everest Re: Strategic Alliance, Sale Of Heartland

Bermuda-based Everest Re Group,Ltd. has signed a Letter of Intent [LOI] for the sale of its U.S. crop insurance company, Heartland Crop Insurance, Inc., to CGB Diversified Services, Inc. [CGB DS]. “Upon completion of the sale, Everest will enter into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance... Read more of this article

Everest Re Group’s 2016 Second Quarter Results

Everest Re Group’s 2016 Second Quarter Results

Bermuda-based Everest Re Group, Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the second quarter of 2015. After-tax operating income, excluding realized capital gains and losses, was $134.2 million, or $3.17 per diluted... Read more of this article