Hashtag: #EverestRe

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

Mark de Saram To Retire From Everest Re Group

Mark de Saram To Retire From Everest Re Group

Everest Re Group, Ltd. announced that Mark de Saram, Managing Director and Chief Executive Officer of Everest Reinsurance [Bermuda], Ltd., has notified the Company of his decision to retire effective April 6, 2016. Mr. de Saram joined Everest in 1995 as Vice President of its United Kingdom and European operations and in 2004 was appointed Chief Executive... Read more of this article

Everest Adds To Distribution Management Team

Everest Adds To Distribution Management Team

Bermuda-based Everest Re Group, Ltd. announces two new additions to its Everest Insurance Distribution Management team which they said will “serve to strengthen the organization’s relationships with their key trading partners as Everest continues to expand its capabilities in the specialty insurance space.” The company said, “Kevin... Read more of this article

Everest Names Paul Kneafsey Active Underwriter

Everest Names Paul Kneafsey Active Underwriter

Everest Re Group, Ltd. announced that Paul Kneafsey will be joining the Company as the Active Underwriter of its Lloyd’s Syndicate 2786, and is expected to assume his new role effective May 1, 2016. Mr Kneafsey will join Everest from ArgoGlobal where he was most recently Head of Casualty and responsible for a global portfolio in excess of £100 million... Read more of this article

AM Best Assign Ratings To Everest International

AM Best Assign Ratings To Everest International

A.M. Best has assigned a financial strength rating of A+ [Superior] and an issuer credit rating of “aa-” to Everest International Assurance Ltd. [EIA] [Bermuda], which is a subsidiary of Everest Re Group, Ltd and affiliated with Everest Reinsurance [Bermuda], Ltd.The outlook assigned to both ratings is stable. A statement from the ratings agency... Read more of this article

Everest Makes Leadership Appointments

Everest Makes Leadership Appointments

Everest Re Group, Ltd. announces several new additions to its Executive Solutions Group, a division of Everest Specialty Underwriters [ESU], which offers commercial management liability coverage for non-financial institutions on both a primary and excess basis. Keith Beach has been appointed Vice President and leader of the Executive Solutions Group.... Read more of this article

Everest Re Form ‘Strategic Alliance’ With AEGIS

Everest Re Form ‘Strategic Alliance’ With AEGIS

Bermuda-based Everest Re Group, Ltd. announced strategic alliance between its U.S. primary specialty insurer, Everest National Insurance Company, and Associated Electric & Gas Insurance Services [AEGIS]. “This new partnership will provide primary admitted coverages to AEGIS members, and non-member energy companies, in the utility and related... Read more of this article

Everest Expands U.S. Specialty Product Portfolio

Everest Expands U.S. Specialty Product Portfolio

Bermuda-based Everest Re Group, Ltd. announced the expansion of its U.S. specialty insurance platform, Everest National Insurance Company, with the introduction of a new dedicated Inland Marine underwriting team. Everest National will be pursuing a broad and comprehensive strategy in the implementation of its inland marine initiative, underwriting both... Read more of this article

Everest Re 2015 Q3 Net Income: $88.6 Million

Everest Re 2015 Q3 Net Income: $88.6 Million

Bermuda-based Everest Re Group, Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the third quarter of 2014. Net income available to common shareholders was... Read more of this article