Hashtag: #EverestRe
Barclays Affirms Everest Re Group Hold Rating
Barclays Capital reissued their hold rating on shares of Everest Re Group in a research report released yesterday [Apr. 17], AnalystRatingsNetwork.com reports. Barclays Capital currently has a $122.00 price target on the stock. Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Everest Re Group... Read more of this article
Everest Re Group Downgraded To “Neutral”
ermuda’s Everest Re Group was downgraded by Macquarie to a “neutral” rating in a research note issued on Monday [Apr. 15], AnalystRatingsNetwork reports. A number of other firms have also recently commented on RE. Analysts at Zacks upgraded shares of Everest Re Group from a “neutral” rating to an “outperform” rating in a research note... Read more of this article
Zacks Upgrades Everest Re To “Outperform”
Bermuda’s Everest Re Group was yesterday [Apr. 10] upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients, AnalystRatingsNetwork.com reports. The firm currently has a $153.00 price target on the stock. Zacks‘ analyst wrote, “We are upgrading our recommendation on the shares of Everest... Read more of this article
Everest Enters Into Agreement With Arrowhead
Bermuda-based Everest Re Group, Ltd.’s wholly-owned primary insurance subsidiary, Everest Security Insurance Company, [ESIC] has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown & Brown, Inc. Under the terms of the agreement, ESIC will transfer certain assets associated with its non-standard... Read more of this article
Everest Re Group Declare $0.48 Dividend
On 20 February 2013, Bermuda-based Everest Re Group, Ltd. declared a dividend of $0.48 per share payable on or before March 20, 2013 to all shareholders of record as of March 6, 2013. 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 Group Establishes Mt. Logan Re
Everest Re Group has formed Mt. Logan Re Ltd., a new Bermuda domiciled special purpose reinsurer, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. Everest CEO Joseph V. Taranto said: “We are pleased to have Rick Pagnani join us as the Chief Executive Officer of this new venture. Rick brings a wealth... Read more of this article
Everest Re Reports Q3 2012 Earnings
Bermuda-based Everest Re Group, Ltd. have reported third quarter 2012 net income of $250.9 million, or $4.82 per diluted common share, compared to net income of $63.1 million, or $1.16 per diluted common share, for the third quarter of 2011. After-tax operating income1, excluding realized capital gains and losses, was $210.6 million, or $4.05 per diluted... Read more of this article
Everest Board: Amore & Addesso Appointed
John Amore and Dominic Addesso have been appointed to the Everest Re Group Ltd. Board of Directors, effective September 19, 2012. John J. Amore served as Chief Executive Officer of the General Insurance division of Zurich Financial Services and also served as a member of Zurich’s Group Executive Committee, until his retirement in 2010. Prior... Read more of this article
Everest Re Group Announces Dividend
Bermuda-based Everest Re Group, Ltd. announced today [Aug 15] that its Board of Directors declared a dividend of $0.48 per share payable on or before September 19, 2012 to all shareholders of record as of August 29, 2012. Related Stories Everest Group Limited Declares Dividend Everest Group Announces $1.75 Dividend Everest Increases Quarterly Dividend... Read more of this article
Everest Re Reports $214.6M Net Income
Bermuda-based Everest Re Group, Ltd. reported second quarter 2012 net income of $214.6 million, or $4.08 per diluted common share, compared to net income of $131.3 million, or $2.41 per diluted common share, for the second quarter of 2011. After-tax operating income1, excluding realized capital gains and losses, was $223.0 million, or $4.25 per diluted... Read more of this article
Taranto To Continue As CEO Of Everest Re
Joseph V. Taranto has agreed to continue in his role as Chief Executive Officer of Everest Re Group, Ltd through 2013, at which point he will retire from this position. Effective January 1, 2014, Dominic J. Addesso, President, will succeed Mr. Taranto as the Chief Executive Officer. Joseph V. Taranto stated, “I am pleased to continue to lead our team... Read more of this article
Reinsurers Mull Enormous 2011 Losses
Large losses from natural disasters weighed heavily on both the Bermuda and global reinsurance industries in 2011, industry journal “Business Insurance” reports today [Mar. 26]. Insured losses from catastrophes including floods in Australia and Thailand, earthquakes in New Zealand, and a quake-initiated tsunami that devastated part of Japan... Read more of this article
