Hashtag: #EverestRe
Everest Re, AXIS & Arch Q3 Loss Estimates
More Bermuda-based re/insurers – Everest Re Group, AXIS Capital Holdings and Arch Capital Group – have announced their preliminary estimates of third quarter 2017 catastrophe losses. Everest Re Group: $900 Million Everest Re Group, Ltd. announced that it expects to incur pretax catastrophe losses, net of reinsurance and reinstatement... Read more of this article
Everest Obtains Regulatory Approval For Ireland
Bermuda-based Everest Re Group, Ltd. announced that its Dublin-based subsidiary has been granted authorization in principle by the Central Bank of Ireland to operate as an authorized non-life insurer in Ireland. This entity, to be named Everest Insurance Ireland, dac [EIID], continues the expansion of the Everest Insurance® franchise, and enables the... Read more of this article
Everest Re Appoints Zaffino As Executive VP
Bermuda-based Everest Re Group, Ltd. announced that Jonathan M. Zaffino, President of the North America Insurance Division and Senior Vice President of Everest Re Group, Ltd., has been appointed Executive Vice President of Everest Re Group, Ltd. Mr. Zaffino joined Everest in 2015 as President of Everest National Insurance Company / U.S. Insurance Operations,... Read more of this article
Everest Re Group Declares $1.25 Dividend
Bermuda-based Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.25 per share payable on or before September 20, 2017 to all shareholders of record as of September 6, 2017. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance... Read more of this article
Everest Re Group 2017 Second Quarter Results
Bermuda-based Everest Re Group, Ltd. reported second quarter 2017 net income of $245.7 million, or $5.95 per diluted common share, compared to net income of $155.7 million, or $3.67 per diluted common share, for the second quarter of 2016. After-tax operating income, excluding realized capital gains and losses, was $227.5 million, or $5.51 per diluted... Read more of this article
Everest Re Group’s 2017 First Quarter Results
Bermuda-based Everest Re Group, Ltd. reported first quarter 2017 net income available to common shareholders of $291.6 million, or $7.07 per diluted common share, compared to net income of $171.7 million, or $4.00 per diluted common share for the first quarter of 2016. After-tax operating income1 available to common shareholders was $259.5 million,... Read more of this article
AM Best Affirms Ratings Of Everest Re Group
A.M. Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa-” of Everest Reinsurance [Bermuda] Ltd. and its reinsurance and insurance affiliates, collectively Everest Re. Concurrently, A.M. Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. [Bermuda]... Read more of this article
Everest Re Group’s 2016 Fourth Quarter Results
Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2016 net income available to common shareholders of $373.6 million, or $9.08 per diluted common share, compared to net income of $357.3 million, or $8.26 per diluted common share, for the fourth quarter of 2015. After-tax operating income available to common shareholders was $363.4 million,... Read more of this article
Everest Re Third Quarter Net Income: $295.4M
Bermuda-based Everest Re Group, Ltd. reported third quarter 2016 net income of $295.4 million, or $7.06 per diluted common share, compared to net income of $88.6 million, or $2.00 per diluted common share, for the third quarter of 2015. After-tax operating income1, excluding realized capital gains and losses, was $273.2 million, or $6.53 per diluted... Read more of this article
Everest Re Group Closes $49M Heartland Sale
Bermuda-based Everest Re Group, Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance, Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance capacity on the... Read more of this article
Everest Re: Strategic Alliance, Sale Of Heartland
Bermuda-based Everest Re Group,Ltd. has signed a Letter of Intent [LOI] for the sale of its U.S. crop insurance company, Heartland Crop Insurance, Inc., to CGB Diversified Services, Inc. [CGB DS]. “Upon completion of the sale, Everest will enter into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance... Read more of this article
Everest Re Group’s 2016 Second Quarter Results
Bermuda-based Everest Re Group, Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the second quarter of 2015. After-tax operating income, excluding realized capital gains and losses, was $134.2 million, or $3.17 per diluted... Read more of this article
