Hashtag: #EverestRe
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
A.M. Best Affirms Ratings of Everest
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Everest Re Group Ltd.’s (Everest Re) (Bermuda) reinsurance and insurance subsidiaries. Concurrently, A.M. Best has affirmed the ICRs of “a-” of Everest Re and Everest Reinsurance Holdings Inc. (Delaware). A.M. Best also has... Read more of this article
Everest Re Q2 Net Income: $131.1 Million
Bermuda based Everest Re Group reported their second quarter net income was $131.3 million, a drop from the $156.7 million, for the same period last year.” A statement from the Company said, “second quarter 2011 after-tax operating income which excludes net realized capital gains and losses, of $134.0 million, or $2.46 per diluted common... Read more of this article
Phelan Appointed To Everest Board Of Directors
Bermuda-based Everest Re Group, Ltd. announced the appointment of John P. Phelan to its Board of Directors, effective May 18, 2011. John P. Phelan formerly served as Chairman, President and Chief Executive Officer of Munich Re America Corporation and Munich Reinsurance America, Inc. and served as a member of Munich Reinsurance Company’s Board of Management... Read more of this article
Everest Re Losses Are Higher Than Expected
Everest Re Group Ltd , a Bermuda-based reinsurer, yesterday [Apr. 27] posted a higher-than-anticipated quarterly operating loss, hurt by hcatastrophe losses from natural disasters in Japan, New Zealand, and Australia. The company reported first-quarter operating loss of $323.6 million, or $5.95 a share, compared with a loss of $73.8 million, or $1.25... Read more of this article
Everest Estimates NZ Quake: Up to $210m
Everest Re Group, Ltd. announced today its preliminary loss estimate for exposures relating to the New Zealand earthquake in February. Their initial pre-tax loss estimate, net of reinstatement premiums, is in the range of $140 million to $210 million. Everest also expects gross losses of $45 million in the first quarter due to storms and flooding across... Read more of this article
NZ Quake Rocks Bermuda Reinsurer Shares
Bermuda reinsurers will experience aftershocks from the 6.3-magnitude earthquake which devastated parts of the New Zealand city of Christchurch yesterday [Feb.21], killing more than 60 people. “It is just a scene of utter devastation,” New Zealand’s Prime Minister John Key said. “We may well be witnessing New Zealand’s... Read more of this article
Everest Announces Canadian Expansion
Bermuda-based Everest Re Group, Ltd. announced on Friday [Feb. 11] that its subsidiary, Everest Reinsurance Company has acquired Premiere Underwriting Services, a managing general agent headquartered in Toronto, Canada, specialising in entertainment, sports and leisure related risks. Premiere will operate as an affiliate of Everest Insurance Company... Read more of this article
