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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

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