Hashtag: #EverestRe
Everest Appoints New Interim General Counsel
Everest Re Group, Ltd. announced that Brent Hoffman has been appointed interim General Counsel, replacing Sanjoy Mukherjee. A spokesperson said, “Everest Re Group, Ltd. [Everest], a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that Brent Hoffman has been appointed... Read more of this article
Everest Re Group Announces $1.65 Dividend
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before March 30, 2023 to all shareholders of record as of March 16, 2023. Related Stories Everest Announces Repurchase & Dividend Addesso: “Exceptional Quarter” For Everest Everest Declares $2.00 Dividend Per Share Everest... Read more of this article
Everest Re Reports 2022 Fourth Quarter Results
Everest Re Group, Ltd. reported its fourth quarter 2022 results. Fourth Quarter 2022 Highlights Net Operating Income of $478 million, and Net Income of $496 million driven by continued underwriting margin improvement. YTD 2022 Net Operating Income of $1.1 billion, Net Income of $597 million $3.6 billion in gross written premium [GWP] with year over... Read more of this article
Everest Names New Chief Information Officer
Everest Re Group announced that Srini Maddineni, Everest’s SVP and Global CIO for Insurance and Reinsurance Systems, will succeed Terry Walker as Group Chief Information Officer [CIO]. A spokesperson said, “Everest Re Group, Ltd. [Everest], global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance... Read more of this article
Everest Mourns Passing Of John Weber
Everest Re Group said they are mourning the passing of Everest Board Director John Arthur Weber. A spokesperson said, “Everest Re Group, Ltd. announced with great sorrow the December 25 passing of Everest Board Director John Arthur Weber.” “It has been an honor for me and my fellow Directors to serve alongside John,” said Joseph V.... Read more of this article
Everest Re Group Announces $1.65 Dividend
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before December 16, 2022 to all shareholders of record as of November 23, 2022. Related Stories Everest Announces Repurchase & Dividend Addesso: “Exceptional Quarter” For Everest Everest Declares $2.00 Dividend Per... Read more of this article
Everest Unveils A New ‘Refreshed Brand’
Everest has unveiled a “refreshed brand, reflecting company’s strategic evolution and commitment to underwrite opportunity”. A spokesperson said, “Everest Re Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today unveiled a refreshed brand, including... Read more of this article
Everest Re Reports Third Quarter 2022 Results
Everest Re Group, Ltd. reported its third quarter 2022 results, noting that “Everest’s diversification strategy and underwriting discipline were key to mitigating our exposure to one of the industry’s largest hurricane losses in U.S. history.” Third Quarter 2022 Highlights Net Operating Loss of $205 million, and Net Loss of $319 Million... Read more of this article
Everest Preliminary 2022 Catastrophe Losses
Everest Re Group, Ltd. announced preliminary third quarter 2022 catastrophe losses in advance of its full quarterly earnings to be released on October 26, 2022. A spokesperson said, “Everest is estimating total pre-tax net catastrophe losses of $730 million for the third quarter 2022 as detailed in the table below. All amounts are net of estimated... Read more of this article
Shawn Austin Joins Everest As Senior VP
Everest Re Group, Ltd. announced Shawn Austin will join as Senior Vice President, Head of Accident and Health for North America, effective October 24, 2022. A spokesperson said, “He will be based in New York and report directly to Jim Williamson, Everest Group COO and Head of Reinsurance. “Bringing 25 years of experience to this role, Shawn... Read more of this article
Everest Re Group Announces $1.65 Dividend
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before September 9, 2022 to all shareholders of record as of August 24, 2022. Related Stories Everest Announces Repurchase & Dividend Addesso: “Exceptional Quarter” For Everest Everest Declares $2.00 Dividend Per Share Everest... Read more of this article
AM Best Affirms Credit Ratings Of Everest Re
AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of the operating subsidiaries of Bermuda-based Everest Re Group. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] of Everest Re Group, Ltd. and Everest Reinsurance Holdings, Inc. [Delaware].... Read more of this article
