Hashtag: #EverestRe
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 Announces Repurchase & Dividend Addesso: “Exceptional Quarter” For Everest Everest Appoints... 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
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
