Hashtag: #EverestRe

Everest Re Increase Quarterly Dividend By 27%

Everest Re Increase Quarterly Dividend By 27%

Bermuda-based Everest Re Group, Ltd. approved a 27% increase to its regular quarterly dividend from $0.75 to $0.95 per common share. This dividend will be payable on or before December 17, 2014 to all shareholders of record as of December 3, 2014. In addition, the Company announced that its Board of Directors authorized an increase to the Company’s... Read more of this article

Everest Re: Q3 2014 Net Income $274.9 Million

Everest Re: Q3 2014 Net Income $274.9 Million

Bermuda-based Everest Re Group, Ltd. reported third quarter 2014 net income available to common shareholders of $274.9 million, or $6.00 per diluted common share, compared to net income of $234.8 million, or $4.81 per diluted common share, for the third quarter of 2013. After-tax operating income1 available to common shareholders, excluding realized... Read more of this article

Everest Re Group Declare $0.75 Dividend

Everest Re Group Declare $0.75 Dividend

Bermuda-based re/insurer Everest Re Group, Ltd. has declared a dividend of $0.75 per share payable on or before September 10, 2014 to all shareholders of record as of August 27, 2014. Related StoriesEverest Hires Vandendael As International CEO Addesso: “Exceptional Quarter” For Everest Everest Insurance Appoints New President Everest... Read more of this article

A.M. Best Affirms Everest Reinsurance Ratings

A.M. Best Affirms Everest Reinsurance Ratings

A.M. Best has affirmed the financial strength rating of A+ [Superior] and the issuer credit ratings of “aa-” of Everest Reinsurance [Bermuda] Ltd. and its reinsurance and insurance subsidiaries. Concurrently, A.M. Best has affirmed the ICRs of “a-” of Everest Re Group, Ltd. [Bermuda] and Everest Reinsurance Holdings Inc. [Delaware]. Additionally,... Read more of this article

Everest Re Appoint Carrier As European GM

Everest Re Appoint Carrier As European GM

Bermuda-based Everest Re Group, Ltd. announced that Andrew Carrier will be joining the Company as President of Everest Advisors, UK and General Manager of European Operations. He is expected to assume his new role effective November 3, 2014. Mr Carrier will join Everest from Argo Group where he has served as Chief Underwriting Officer since January... Read more of this article

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