Hashtag: #EverestRe
Everest To Release First Quarter Earnings
Bermuda’s Everest Re Group, Ltd. will release its first quarter 2012 earnings after trading closes on the New York Stock Exchange on April 25, 2012. A conference call discussing the results will be held at 10:30 a.m. Eastern Time on April 26, 2012. The call will be available on the Internet at the company’s website or here.. Everest Re Group,... Read more of this article
Craig Howie Joins Everest Re Group Ltd.
Everest Re Group, Ltd. announced that Craig Howie will join the Company as Executive Vice President on March 26, 2012. Following the first quarter filings of the Company’s SEC financial statements, Mr. Howie will assume the role of Chief Financial Officer from Mr. Dominic Addesso, who, as previously announced, was promoted to President. Mr. Howie... Read more of this article
Everest Re Group Declares Dividend
Bermuda-based Everest Re Group, Ltd announced that its Board of Directors declared a dividend of $0.48 per share payable on or before March 21, 2012 to all shareholders of record as of March 7, 2012. In addition, the Company’s Board of Directors increased the share repurchase authorization by an additional 5 million shares. Related Stories Everest... Read more of this article
Everest: Disasters Had ‘Significant Impact’
Bermuda’s Everest Re Group reported fourth quarter 2011 net income of $41.0 million, or $0.76 per diluted common share, compared to $302.5 million, or $5.51 per diluted common share, for the same period last year. Excluding net realized capital gains and losses, the after-tax operating loss was $50.7 million, or $0.94 per diluted common share,... Read more of this article
Everest Re Loss Estimate: $245M
Bermuda-based Everest Re Group, Ltd. said that it expects to incur net catastrophe losses of approximately $245 million, after reinstatement premiums and taxes, for the quarter. This loss provision includes an estimate for the floods in Thailand, with losses now expected to be $145 million, after reinstatement premiums and taxes. This is above the... Read more of this article
Analysts Reaffirm Everest Re Rating
Stock in Bermuda-headquartered Everest Re Group had its “neutral” rating reiterated by Zacks Investment Research in a research note. Zacks’ analysts wrote, “We are reiterating our Neutral recommendation on the shares of Everest Re prior to the of fourth quarter earnings release scheduled on February 8, 2012. “The company has suffered... Read more of this article
Everest: $100/125M In Flood Losses
Bermuda-based Everest Re Group, Ltd. said it expects to incur net losses of between $100 million and $125 million, after reinstatement premiums and taxes, for claims arising from floods in Thailand. This range of estimates is predicated on an industry loss estimate of between $10 billion and $15 billion. A statement issued said, “The Company’s... Read more of this article
Everest Bolsters Professional Liability Role
Bermuda’s Everest Re Group, Ltd. today [Nov.21] announced the expansion of its professional liability insurance operation, Everest Specialty Unit [ESU], with the opening of a West Coast regional office. Currently based in New York, ESU will be establishing its West Coast facility in Oakland, California to reach its target customers in that region. The... Read more of this article
Everest Re Group Dividend Announcement
Bermuda’s Everest Re Group announced yesterday [Nov.16] that its board of directors declared a dividend of $0.48 per share payable on or before December 14, 2011 to all shareholders of record as of November 30, 2011. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company... Read more of this article
Fitch Analysts Affirm Everest Re’s Ratings
Fitch Ratings this week affirmed the ratings of Bermuda’s Everest Re Group Ltd. and its subsidiaries. Everest’s debt ratings are only one notch lower than the operating companies’ Insurer Financial Strength [IFS] ratings, which reflects Bermuda’s moderate regulatory environment and limited payment restrictions. The rating outlook... Read more of this article
Zacks Reaffirms Everest’s Neutral Rating
Bermuda’s Everest Re Groups stock had its “neutral” rating reaffirmed by equities research analysts at Zacks Investment Research in a research note issued to investors on Monday [Oct. 31]. The analysts currently have a $95.00 price target on the stock. Zacks’ analyst wrote, “Everest Re’s third quarter 2011 earnings came substantially... Read more of this article
Everest Re Reports Third Quarter Earnings
Bermuda’s Everest Re Group, Ltd. this week reported third quarter 2011 after-tax operating income, which excludes net realised capital gains and losses, of $146.7 million, or $2.70 per diluted common share, compared to after-tax operating income of $149.3 million, or $2.67 per diluted common share, in the third quarter of 2010. Net income, including... Read more of this article
