Hashtag: #EverestRe
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 Stories Addesso: “Exceptional Quarter” For Everest Everest Group Limited Declares Dividend Everest Group Announces $1.75 Dividend Everest... Read more of this article
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
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
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%
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 Stories Addesso: “Exceptional Quarter” For Everest Everest... Read more of this article
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
Everest Hires Vandendael As International CEO
Everest Insurance, the diversified specialty insurance division of Everest Re Group, Ltd., announced the addition of Vincent Vandendael as CEO of Everest Insurance International. Vincent will lead all facets of the Everest Insurance operations outside of North America. He will join the Everest Insurance global leadership team and will report to Jonathan... Read more of this article
Everest Re Group Declares $1.30 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.30 per share payable on or before September 19, 2018 to all shareholders of record as of September 5, 2018. 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 Report Q2 Net Income Of $69.9M
Bermuda-based Everest Re Group, Ltd. reported second quarter 2018 net income of $69.9 million, or $1.70 per diluted common share, compared to net income of $245.7 million, or $5.95 per diluted common share for the second quarter of 2017. After-tax operating income was $40.4 million, or $0.98 per diluted common share, for the second quarter of 2018,... Read more of this article
Everest Re Group Net Reserve Adjustments
Everest Re Group, Ltd. announced that it expects to report a charge for net reserve adjustments of approximately $250 million, after tax, for the second quarter of 2018. These reserve adjustments are related to prior year catastrophe events and include a partial offset from favorable prior year development of non-catastrophe reserves. The prior year... Read more of this article
Everest Re Group Declares $1.30 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.30 per share payable on or before June 13, 2018 to all shareholders of record as of May 30, 2018. 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’s 2018 First Quarter Results
Bermuda-based Everest Re Group, Ltd. reported first quarter 2018 net income of $210.3 million, or $5.11 per diluted common share, compared to net income of $291.6 million, or $7.07 per diluted common share for the first quarter of 2017. After-tax operating income1 was $219.7 million, or $5.34 per diluted common share, for the first quarter of 2018,... Read more of this article
Everest Re Group Expect $100M In Losses
Bermuda-based Everest Re Group expects to incur $100 million of estimated catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and related events. “A series of wildfires burned across many areas of California in October and December of 2017,... Read more of this article
Addesso: “Exceptional Quarter” For Everest
Bermuda-based Everest Re Group reported fourth quarter 2017 net income of $571.0 million, or $13.85 per diluted common share, compared to net income of $373.6 million, or $9.08 per diluted common share, for the fourth quarter of 2016. After-tax operating income1, excluding realized capital gains and losses and the tax charge related to the enactment... Read more of this article
Everest Insurance Appoints New President
Bermuda-based Everest Re Group, Ltd. announced that Jonathan M. Zaffino has been named President and CEO of the Everest Insurance Division, effective immediately. Mr. Zaffino joined Everest in 2015 and most recently held the position of President of the North America Insurance Division. In his new role, he will be responsible for planning and executing... Read more of this article
Everest Creates Private/NFP Business Segment
Everest Re Group, Ltd. announced the formation of a Private Company/Not-for-Profit business segment [Private/NFP] within the Everest Specialty Underwriters unit of Everest Insurance. This new business segment will compliment all areas of Everest’s expanding Financial Lines division. The Private /NFP team will target small, middle and large Private/Not-for-Profit... Read more of this article
