Hashtag: #EverestRe

Gerri Losquadro Appointed To Everest Re Board

Gerri Losquadro Appointed To Everest Re Board

Everest Re Group, Ltd. have announced the appointment of Gerri Losquadro to its Board of Directors, effective May 14, 2014. Ms. Losquadro recently retired as Senior Vice President and head of Global Business Services at Marsh & McLennan Companies. Prior to assuming this role, Ms. Losquadro had been a Managing Director and senior executive for Guy... Read more of this article

Everest Re Group Ltd. Declare $0.75 Dividend

Everest Re Group Ltd. Declare $0.75 Dividend

Everest Re Group, Ltd. — a Bermuda holding company — has declared a dividend of $0.75 per share payable on or before June 18, 2014 to all shareholders of record as of June 4, 2014. Related StoriesAddesso: “Exceptional Quarter” For Everest Everest Insurance Appoints New President Everest Insurance Launch Alternative Solution Everest... Read more of this article

Everest Re Post 2014 Q1 Net Income: $293.9M

Everest Re Post 2014 Q1 Net Income: $293.9M

Bermuda-based Everest Re Group, Ltd. reported net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014, compared to net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of 2013. Excluding realized capital gains and losses, after-tax operating income1 was $281.0 million, or $5.93... Read more of this article

Fitch Affirms Everest’s Re Group Ratings

Fitch Affirms Everest’s Re Group Ratings

Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries [Everest], including the Issuer Default Rating [IDR] at ‘A+’, and the Insurer Financial Strength [IFS] rating at ‘AA-’. The Rating Outlook is Stable. The ratings agency... Read more of this article

Everest CEO: “Milestone With Record Earnings”

Everest CEO: “Milestone With Record Earnings”

Bermuda-based Everest Re Group Ltd. reported fourth quarter 2013 net income available to common shareholders of $364.6 million, or $7.54 per diluted common share, compared to net income of $58.8 million, or $1.13 per diluted common share, for the fourth quarter of 2012. After-tax operating income available to common shareholders, excluding realized... Read more of this article

Mt. Logan Re Reaches $370 Million of Capacity

Mt. Logan Re Reaches $370 Million of Capacity

Bermuda-based Everest Re Group, Ltd. announced that its special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, far exceeding its initial target funding of $250 million. “The positive response from our investors has exceeded our expectations and serves to validate the... Read more of this article

Everest Re Group Reports Q3 2013 Earnings

Everest Re Group Reports Q3 2013 Earnings

Bermuda-based Everest Re Group reported third quarter 2013 net income available to common shareholders of $234.8 million, or $4.81 per diluted common share, compared to net income of $250.9 million, or $4.82 per diluted common share, for the third quarter of 2012. After-tax operating income available to common shareholders, excluding realized capital... Read more of this article

A.M Best Affirms Everest Re Group Ratings

A.M Best Affirms Everest Re Group Ratings

Ratings agency A.M. Best Co. has affirmed the financial strength rating [FSR] of A+ [Superior] and issuer credit ratings [ICR] of “aa-” of Everest Reinsurance [Bermuda] Ltd. [Everest Re] [Bermuda] and its reinsurance and insurance affiliates. Concurrently, A.M. Best has affirmed the ICRs of “a-” of Everest Re Group, Ltd. [Bermuda] and Everest... Read more of this article

Everest Re Group Second Quarter Profit Rises

Everest Re Group Second Quarter Profit Rises

Bermuda-based Everest Re Group, Ltd. reported second quarter 2013 net income of $275.6 million, or $5.56 per diluted common share, compared to net income of $214.6 million, or $4.08 per diluted common share, for the second quarter of 2012. After-tax operating income, excluding realized capital gains and losses, was $253.2 million, or $5.10 per diluted... Read more of this article

Joseph Taranto To Remain Everest Re Chairman

Joseph Taranto To Remain Everest Re Chairman

Bermuda-based Everest Re Group, Ltd. announced that Joseph Taranto at the request of the Company’s Board of Directors, has agreed to continue as Chairman of the Board, following his retirement from the position of Chief Executive Officer, effective January 1, 2014. As previously announced, Dominic Addesso will succeed Mr. Taranto as the Company’s... Read more of this article

Everest Re Directors Declare Dividend

Everest Re Directors Declare Dividend

Bermuda-based Everest Re Group, Ltd. announced on Wednesday [May 15] that its board of directors declared a dividend of $0.48 per share payable on or before June 19, 2013 to all shareholders of record as of June 5, 2013. In addition, the company’s directors increased the share repurchase authorisation by an additional five million shares. Related... Read more of this article

Deutsche Bank Ups Everest Price Target

Deutsche Bank Ups Everest Price Target

Analysts at Deutsche Bank raised their price target on shares of Bermuda domiciled reinsurer Everest Re Group from $128.00 to $147.00 in a research report issued to clients and investors on Tuesday [Apr. 30]. The firm currently has a “buy” rating on the stock. RE has been the subject of a number of other recent research reports. Analysts at Barclays... Read more of this article

New Study On Reinsurance Hubs Released

New Study On Reinsurance Hubs Released

Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article