Hashtag: #EverestRe
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 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
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 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
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
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
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
AM Best Affirms Ratings Of Everest Reinsurance
Rating company A.M. Best has affirmed the financial strength rating [FSR] of A+ [Superior] and the issuer credit ratings [ICR] of “aa-” of Everest Reinsurance [Bermuda] Ltd. [Everest Re] [Bermuda] and its reinsurance and insurance subsidiaries. Concurrently, A.M. Best has affirmed the ICRs of “a-” of Everest Re Group, Ltd. [Bermuda] and Everest... Read more of this article
Everest Receives Approval For New Syndicate
Bermuda-based Everest Re Group, Ltd. announced that Lloyds Franchise Board has provided its “in principle” approval for the creation of Everest Syndicate 2786. The new syndicate will be managed under a turnkey arrangement by Asta Managing Agency Ltd [Asta], an established and well respected third-party provider of key management services to start-up... Read more of this article
Everest Re Group Declares $0.95 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $0.95 per share payable on or before September 9, 2015 to all shareholders of record as of August 26, 2015. Related Stories Everest Group Limited Declares Dividend Everest Group Announces $1.75 Dividend Everest Increases Quarterly Dividend To $1.75 Everest... Read more of this article
Everest Re Group Declares $0.95 Dividend
The Board of Directors of Bermuda-based Everest Re Group Ltd. declared a dividend of $0.95 per share payable on or before June 17, 2015 to all shareholders of record as of June 3, 2015. Related Stories Everest Group Limited Declares Dividend Everest Group Announces $1.75 Dividend Everest Increases Quarterly Dividend To $1.75 Everest To Rebrand Name... Read more of this article
Everest Re 2015 1st Quarter Earnings: $323M
Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014. Excluding realized capital gains and losses, after-tax operating income1 was $329.9 million, or $7.34... Read more of this article
