Hashtag: #EverestRe
Williamson To Succeed Doucette At Everest
Everest Re Group, Ltd. announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer will assume additional responsibilities as the Head of the Everest Reinsurance Division effective immediately. A spokesperson said, “Mr. Williamson succeeds John Doucette, who is leaving the Company to pursue other opportunities. The... Read more of this article
Everest Re First Quarter Preliminary Information
Everest Re Group, Ltd. announced preliminary information on first quarter 2021 catastrophe losses in advance of its full quarterly earnings to be released on April 28, 2021. A spokesperson said, “Everest is estimating pre-tax net catastrophe losses for the first quarter 2021 as detailed in the table below. All amounts are net of reinsurance recoveries... Read more of this article
Everest Re Group Appoints Anne Rocco
Everest Re Group, Ltd. announced the appointment of Anne Rocco as Senior Vice President and Group Chief Transformation and Shared Services Leader. A spokesperson said, “She will serve on the Everest Executive Leadership Committee and report directly to President and Chief Executive Officer Juan C. Andrade. This leadership appointment supports the... Read more of this article
Everest Re Group Announces $1.55 Dividend
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.55 per share payable on or before March 31, 2021 to all shareholders of record as of March 17, 2021. Related Stories Addesso: “Exceptional Quarter” For Everest Everest Group Limited Declares Dividend Everest Group Announces $1.75 Dividend Everest Increases... Read more of this article
Everest Re Reports Full Year & Q4 2020 Results
Everest Re Group reported its 2020 fourth quarter and year end results. Fourth Quarter 2020 Highlights Net income of $64 million equal to $1.59 per share Net operating loss of $[44] million, $[1.12] per common share Gross written premium growth of 13% Attritional combined ratio of 86.3%, a 4 point improvement year over year Pre-tax net catastrophe... Read more of this article
Everest Re Preliminary Q4 & Full Year Results
Everest Re Group announced preliminary financial results in advance of its full quarterly and full year earnings to be released on February 8, 2021. A spokesperson said, “Inclusive of the items noted below, Everest expects to report full year 2020 net income of $475-$525 million and operating income of $275-$325 million. “Everest is estimating... Read more of this article
Everest Launches Everest Elevation Architects
Everest Insurance announced the release of their new Everest Elevation Architects and Engineers Professional Liability Policy, providing design professionals with professional, pollution and cyber liability coverage. “Everest Elevation was developed to address the intricate and unique coverage needs of architectural, design, engineering and construction... Read more of this article
Everest Re Group Announces $1.55 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.55 per share payable on or before December 23, 2020 to all shareholders of record as of December 2, 2020. Everest Re Group, Ltd. is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S.,... Read more of this article
Everest Re Report Q3 Net Income Of $243.1M
Everest Re Group, Ltd. reported that for the three months ended September 30, 2020, net income was $243.1 million, or $6.07 per diluted common share, compared to net income of $104.4 million, or $2.56 per diluted common share, for the three months ended September 30, 2019. After-tax operating income for the quarter was $97.0 million, or $2.42 per diluted... Read more of this article
Everest Estimate Q3 Cat Losses Of $300 Million
Everest Re Group, Ltd. is estimating their pre-tax net catastrophe losses will be $300 million for the third quarter of 2020. A spokesperson said, “Everest Re Group, Ltd. [Everest] announced today estimated third quarter 2020 catastrophe losses. Everest is estimating pre-tax net catastrophe losses in the amount of $300 million, net of reinsurance... Read more of this article
Everest Re: Public Offering Of $1B Senior Notes
Everest Re Group, Ltd. announced the pricing of an offering of $1 billion senior notes. A spokesperson said, “Everest Re Group, Ltd. announced today that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. priced a registered public offering of $1.0 billion aggregate principal amount of 3.500% Senior Notes due 2050 of Holdings “Holdings... Read more of this article
Everest Re Group Announces $1.55 Dividend
Bermuda-based Everest Re Group, Ltd. [Everest] announced that its Board of Directors declared a dividend of $1.55 per share payable on or before September 16, 2020 to all shareholders of record as of September 2, 2020. Related Stories Addesso: “Exceptional Quarter” For Everest Everest Group Limited Declares Dividend Everest Group Announces... Read more of this article
Everest Re Report Q2 Net Income Of $190.9M
Everest Re Group reported that for the three months ended June 30, 2020, net income was $190.9 million, or $4.77 per diluted common share, compared to net income of $332.9 million, or $8.15 per diluted common share, for the three months ended June 30, 2019. After-tax operating income for the quarter was $82.9 million, or $2.07 per diluted common share,... Read more of this article
Everest 2nd Quarter Preliminary Information
Everest Re Group, Ltd. announced net investment income, catastrophe losses, and the estimated impact from the ongoing Covid-19 pandemic for the second quarter of 2020. “Everest is providing details in advance of its full quarterly earnings to be released on August 5, 2020,” the company said. “Despite the ongoing Pandemic and related... 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-” of the operating subsidiaries of Bermuda-based Everest Re Group, Ltd. The ratings agency said, “Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. and Everest Reinsurance Holdings, Inc.... Read more of this article
Everest Re Group Announces $1.55 Dividend
Bermuda-based Everest Re Group, Ltd. announced that on May 13, 2020 its Board of Directors declared a dividend of $1.55 per share payable on or before June 10, 2020 to all shareholders of record as of May 27, 2020. Related Stories Addesso: “Exceptional Quarter” For Everest Everest Group Limited Declares Dividend Everest Group Announces $1.75... Read more of this article
