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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

Graf Elected To Everest Re Board Of Directors

Graf Elected To Everest Re Board Of Directors

Bermuda-based Everest Re Group, Ltd. announced the election of John Graf to its Board of Directors, effective May 18, 2016. John Graf retired as Chairman, Chief Executive Officer and President of Forethought Financial Group in 2014, following its acquisition by Global Atlantic Financial Group, where he remains as Non-Executive Vice Chairman of the Board. Prior... Read more of this article

David Sandler Joins Everest Insurance

David Sandler Joins Everest Insurance

Everest Re Group, Ltd. announced that David Sandler has joined Everest Insurance as leader of a new business unit targeting the risk management client segment. Everest Risk Management enters the market with a deep product offering consisting of worker’s compensation, general and auto liability, foreign casualty, along with a full suite of casualty... Read more of this article

Erik Nikodem Joins Everest Insurance

Erik Nikodem Joins Everest Insurance

Bermuda-based Everest Re Group, Ltd. announced that Erik Nikodem has joined Everest Insurance as leader of its U.S. Property division. This newly formed division brings together key property underwriting groups, including the Company’s excess & surplus lines property, retail property, and inland marine businesses, under one unit. This enhanced... Read more of this article

Everest Insurance Launch Alternative Solution

Everest Insurance Launch Alternative Solution

Everest Re Group, Ltd. announced the formation of the Alternative Solution Group at Everest Specialty Underwriters, a division of Everest Insurance. The Alternative Solutions Group offers transactional risk insurance as well as professional and management liability insurance on both a primary and excess basis to private equity firms and hedge funds. Robert... Read more of this article

Everest Re Group’s 2016 First Quarter Results

Everest Re Group’s 2016 First Quarter Results

Everest Re Group, Ltd. reported first quarter 2016 after-tax operating income available to common shareholders of $222.7 million, or $5.19 per diluted common share, compared to after-tax operating income of $329.9 million, or $7.34 per diluted common share, for the first quarter of 2015. Net income available to common shareholders was $171.7 million,... Read more of this article

Everest Re Appoint Doucette, Zaffino & Kerner

Everest Re Appoint Doucette, Zaffino & Kerner

Everest Re Group, Ltd. announced that it has named John P. Doucette as President and CEO of the Reinsurance Division, effective April 1, 2016. Mr. Doucette has been a key member of the executive management team since he joined Everest in 2008. In his new role as President and CEO of the Reinsurance Division, he will have oversight of all reinsurance... Read more of this article

Christopher Downey Joins Everest Re Group

Christopher Downey Joins Everest Re Group

Everest Re Group, Ltd. announced that Christopher Downey joins the Company as Deputy Chief Underwriting Officer of Everest Re Group. Mr. Downey joins Everest from Montpelier Reinsurance Ltd. where he served as Senior Vice President and Head of their Global Casualty & Specialty Treaty unit. He also served as a member of the Executive Committee and... Read more of this article

Everest Announces Opening Of Houston Office

Everest Announces Opening Of Houston Office

Bermuda-based Everest Re Group, Ltd. announces the opening of the Everest Insurance Houston office as part of its strategic plan to strengthen their presence in the Southern region, and in particular, in the energy corridor. Everest Insurance now has seventeen offices strategically located across North America supporting the company’s growing specialty... Read more of this article

Everest Re Group Reports 2015 Q4 Earnings

Everest Re Group Reports 2015 Q4 Earnings

Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2015 after-tax operating income1 available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for the fourth quarter of 2014. Net income available to common shareholders... Read more of this article

Everest Insurance Appoints Bill Thygeson

Everest Insurance Appoints Bill Thygeson

Bermuda-based Everest Re Group, Ltd. announced the appointment of Bill Thygeson to the position of Chief Administration Officer of Everest Insurance reporting directly to Jonathan Zaffino, President. He is responsible for several facets of the Company’s operational platform with a core focus on technology and its impact on our business processes for... Read more of this article

Everest Insurance Appoints Charles Higham

Everest Insurance Appoints Charles Higham

Everest Re Group, Ltd. announced the appointment of Charles Higham to the position of Vice President and leader of the Financial Institutions Group at Everest Specialty Underwriters, a division of Everest Insurance. He is responsible for leading the management and professional liability lines of business for all types of financial institutions as part... Read more of this article