Hashtag: #EverestRe

Everest Estimate Q3 Cat Losses Of $300 Million

Everest Estimate Q3 Cat Losses Of $300 Million

Everest Re Group, Ltd. is estimating their pre-tax net catastrophe losses will be $300 million for the third quarter of 2020. A spokesperson said, “Everest Re Group, Ltd. [Everest] announced today estimated third quarter 2020 catastrophe losses. Everest is estimating pre-tax net catastrophe losses in the amount of $300 million, net of reinsurance... Read more of this article

Everest Re: Public Offering Of $1B Senior Notes

Everest Re: Public Offering Of $1B Senior Notes

Everest Re Group, Ltd. announced the pricing of an offering of $1 billion senior notes. A spokesperson said, “Everest Re Group, Ltd. announced today that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. priced a registered public offering of $1.0 billion aggregate principal amount of 3.500% Senior Notes due 2050 of Holdings “Holdings... Read more of this article

Everest Re Group Announces $1.55 Dividend

Everest Re Group Announces $1.55 Dividend

Bermuda-based Everest Re Group, Ltd. [Everest] announced that its Board of Directors declared a dividend of $1.55 per share payable on or before September 16, 2020 to all shareholders of record as of September 2, 2020. Related StoriesEverest Estimate Q3 Cat Losses Of $300 Million Everest Re: Public Offering Of $1B Senior Notes Everest... Read more of this article

Everest Re Report Q2 Net Income Of $190.9M

Everest Re Report Q2 Net Income Of $190.9M

Everest Re Group reported that for the three months ended June 30, 2020, net income was $190.9 million, or $4.77 per diluted common share, compared to net income of $332.9 million, or $8.15 per diluted common share, for the three months ended June 30, 2019. After-tax operating income for the quarter was $82.9 million, or $2.07 per diluted common share,... Read more of this article

Everest 2nd Quarter Preliminary Information

Everest 2nd Quarter Preliminary Information

Everest Re Group, Ltd. announced net investment income, catastrophe losses, and the estimated impact from the ongoing Covid-19 pandemic for the second quarter of 2020. “Everest is providing details in advance of its full quarterly earnings to be released on August 5, 2020,” the company said. “Despite the ongoing Pandemic and related... Read more of this article

AM Best Affirms Credit Ratings of Everest Re

AM Best Affirms Credit Ratings of Everest Re

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” of the operating subsidiaries of Bermuda-based Everest Re Group, Ltd. The ratings agency said, “Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. and Everest Reinsurance Holdings, Inc.... Read more of this article

Everest Re Group Announces $1.55 Dividend

Everest Re Group Announces $1.55 Dividend

Bermuda-based Everest Re Group, Ltd. announced that on May 13, 2020 its Board of Directors declared a dividend of $1.55 per share payable on or before June 10, 2020 to all shareholders of record as of May 27, 2020. Related StoriesEverest Estimate Q3 Cat Losses Of $300 Million Everest Re: Public Offering Of $1B Senior Notes Everest... Read more of this article

Everest Announce Estimated Impact Of Covid-19

Everest Announce Estimated Impact Of Covid-19

Everest Re Group announced the estimated impact from the Covid-19 pandemic on its first quarter 2020 results. A spokesperson said, “Everest is providing details in advance of its full quarterly earnings to be released on May 6, 2020. As the situation surrounding the Covid-19 pandemic continues to evolve, our thoughts are with everyone who has... Read more of this article

Everest Announces Senior Leadership Changes

Everest Announces Senior Leadership Changes

Everest Re Group, Ltd. announced that Sanjoy Mukherjee will transition from his Bermuda role on April 1 and return to his full time duties as General Counsel and Corporate Secretary of Everest Re Group, Ltd. The company said, “Everest Re Group announced today that Sanjoy Mukherjee, Executive Vice President, General Counsel and Corporate Secretary,... Read more of this article

Everest Re Group Announces $1.55 Dividend

Everest Re Group Announces $1.55 Dividend

Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.55 per share payable on or before March 30, 2020 to all shareholders of record as of March 11, 2020. Related StoriesEverest Estimate Q3 Cat Losses Of $300 Million Everest Re: Public Offering Of $1B Senior Notes Everest Re Group... Read more of this article

Everest Re Reports Full Year & Q4 2019 Results

Everest Re Reports Full Year & Q4 2019 Results

Bermuda-based Everest Re Group, Ltd. reported that for the full year ended December 31, 2019, net income was $1,009.5 million, or $24.70 per diluted common share, compared to net income of $89.0 million, or $2.17 per diluted common share, for the year ended December 31, 2018. The company said, “After-tax operating income for the year was $872.4... Read more of this article

Everest  & Dovetail New Workers’ Compensation

Everest & Dovetail New Workers’ Compensation

Everest Insurance is pleased to announce that it has engaged with Dovetail, a Victor company, to offer its workers’ compensation product through this online platform. Dovetail’s online platform enables agents and brokers to quickly acquire policies for their small commercial clients. The program is currently available in Illinois, and is expected... Read more of this article

Everest Announces Lawyers’ Liability Program

Everest Announces Lawyers’ Liability Program

Everest Insurance announced it has joined with Embroker to provide a new online Lawyers’ Professional Liability program for law firms with up to ten employed attorneys. “Through Embroker’s state of the art digitized platform, Everest’s Lawyers’ Professional Liability policy offers several value added coverage enhancements. The coverage... Read more of this article