Hashtag: #EverestRe
Everest Re Profits, Core Earnings Up
Bermuda reinsurer Everest Re Group Ltd. fourth-quarter profit jumped 53 percent and core profit also rose as revenue climbed the company announced yesterday [Feb. 9]. With its principal executive offices in Wessex House on Reid Street, Everest is a leading global provider of property and casualty reinsurance and insurance. Everest reported fourth quarter... Read more of this article
Everest Re Purchases Heartland For $55 Million
Bermuda-domiciled Everest Re Group, Ltd. announced yesterday [Jan. 3] that it has acquired the business and operations of Heartland Crop Insurance, Inc., a managing general agent, for $55 million plus the agreed upon value of the net assets of the agency, with an additional contingency of up to $13.5 million based on future performance. Everest Re Group,... Read more of this article
Everest Re in Talks to Acquire Heartland Crop
Everest Re Group, Ltd. announced on Wednesday [Dec 15] that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or one of its affiliates. The parties have entered into a non-binding letter of intent. The potential transaction remains subject... Read more of this article
Everest CEO Joseph Taranto Delays Retirement
The Board of Directors of Everest Re Group Ltd. announced that it has asked Joseph V. Taranto to reconsider his decision to retire and to remain as Chairman and Chief Executive Officer through December 31, 2012. Mr. Taranto had announced in July that he intended to retire as CEO at the end of the year. The Board also announced that Mr. Ralph E. Jones... Read more of this article
Flagstone & Everest Declare Dividends
Bermuda-based reinsurers Flagstone Re and Everest Re have declared their quarterly dividends, to be payable next month. Flagstone Reinsurance Holdings announced that its Board of Directors declared a quarterly dividend of $ 0.04 per Common Share, and Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.48 per share In... Read more of this article
Everest Re 2010 Second Quarter Results
Bermuda-based Everest Re Group Ltd. reported second quarter 2010 after-tax operating income which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per diluted common share, in the second quarter of 2009. Net income, including net realized... Read more of this article
Everest Re Dips to 1st Q Loss on Chile Quake
Bermuda-based Everest Re Group Ltd. reported a net loss of $22.7 million after the reinsurer was hit by losses tied to the Chile earthquake and European windstorm. Catastrophe losses were a record $275.6 million, after the company warned last month it expected losses exceeding $200 million from the Chile quake and the European windstorm Xynthia. Everest... Read more of this article
Chile Quake: Everest Expect $225 Million Loss
Bermuda reinsurer Everest Re Group Ltd said it expects losses of approximately $225 million related to the recent earthquake in Chile. The powerful February 27 earthquake left hundreds dead, many more missing and caused catastrophic damage. Rated a magnitude of 8.8, it is the seventh largest earthquake by magnitude, exceeding the earthquake in Haiti... Read more of this article
