Hashtag: #EverestRe
Fitch Affirms Everest’s Re Group Ratings
Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries [Everest], including the Issuer Default Rating [IDR] at ‘A+’, and the Insurer Financial Strength [IFS] rating at ‘AA-’. The Rating Outlook is Stable. The ratings agency... Read more of this article
Everest CEO: “Milestone With Record Earnings”
Bermuda-based Everest Re Group Ltd. reported fourth quarter 2013 net income available to common shareholders of $364.6 million, or $7.54 per diluted common share, compared to net income of $58.8 million, or $1.13 per diluted common share, for the fourth quarter of 2012. After-tax operating income available to common shareholders, excluding realized... Read more of this article
Mt. Logan Re Reaches $370 Million of Capacity
Bermuda-based Everest Re Group, Ltd. announced that its special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, far exceeding its initial target funding of $250 million. “The positive response from our investors has exceeded our expectations and serves to validate the... Read more of this article
Everest Re Group Reports Q3 2013 Earnings
Bermuda-based Everest Re Group reported third quarter 2013 net income available to common shareholders of $234.8 million, or $4.81 per diluted common share, compared to net income of $250.9 million, or $4.82 per diluted common share, for the third quarter of 2012. After-tax operating income available to common shareholders, excluding realized capital... Read more of this article
A.M Best Affirms Everest Re Group Ratings
Ratings agency A.M. Best Co. has affirmed the financial strength rating [FSR] of A+ [Superior] and issuer credit ratings [ICR] of “aa-” of Everest Reinsurance [Bermuda] Ltd. [Everest Re] [Bermuda] and its reinsurance and insurance affiliates. Concurrently, A.M. Best has affirmed the ICRs of “a-” of Everest Re Group, Ltd. [Bermuda] and Everest... Read more of this article
Everest Re Group Second Quarter Profit Rises
Bermuda-based Everest Re Group, Ltd. reported second quarter 2013 net income of $275.6 million, or $5.56 per diluted common share, compared to net income of $214.6 million, or $4.08 per diluted common share, for the second quarter of 2012. After-tax operating income, excluding realized capital gains and losses, was $253.2 million, or $5.10 per diluted... Read more of this article
Joseph Taranto To Remain Everest Re Chairman
Bermuda-based Everest Re Group, Ltd. announced that Joseph Taranto at the request of the Company’s Board of Directors, has agreed to continue as Chairman of the Board, following his retirement from the position of Chief Executive Officer, effective January 1, 2014. As previously announced, Dominic Addesso will succeed Mr. Taranto as the Company’s... Read more of this article
Everest Re Directors Declare Dividend
Bermuda-based Everest Re Group, Ltd. announced on Wednesday [May 15] that its board of directors declared a dividend of $0.48 per share payable on or before June 19, 2013 to all shareholders of record as of June 5, 2013. In addition, the company’s directors increased the share repurchase authorisation by an additional five million shares. Related... Read more of this article
Deutsche Bank Ups Everest Price Target
Analysts at Deutsche Bank raised their price target on shares of Bermuda domiciled reinsurer Everest Re Group from $128.00 to $147.00 in a research report issued to clients and investors on Tuesday [Apr. 30]. The firm currently has a “buy” rating on the stock. RE has been the subject of a number of other recent research reports. Analysts at Barclays... Read more of this article
New Study On Reinsurance Hubs Released
Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article
Barclays Issues New Everest Price Target
Equities researchers at Barclays Capital increased their price target on shares of Bermuda’s Everest Re Group from $122.00 to $129.00 in a report issued on Thursday [Apr. 25]. Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group in a research note... Read more of this article
Everest Re Ltd. Reports Record Earnings
Bermuda’s Everest Re Group, Ltd. yesterday [Apr. 23] reported net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of 2013, compared to net income of $304.7 million, or $5.68 per diluted common share, for the first quarter of 2012. Excluding realised capital gains and losses, after-tax operating income1 was $301.1... Read more of this article
Analysts Predict Strong Everest Re Q1 Earnings
Bermuda’s Everest Re Group Ltd. will release its first quarter 2013 earnings after trading closes on the New York Stock Exchange on Tuesday [Ap. 23]. A conference call discussing the results will be held at 10:30 a.m. Eastern Time on Wednesday, April 24. Wall Street anticipates that Everest Re Group will earn $4.30 for the quarter. Researchers... Read more of this article
Barclays Affirms Everest Re Group Hold Rating
Barclays Capital reissued their hold rating on shares of Everest Re Group in a research report released yesterday [Apr. 17], AnalystRatingsNetwork.com reports. Barclays Capital currently has a $122.00 price target on the stock. Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Everest Re Group... Read more of this article
Everest Re Group Downgraded To “Neutral”
ermuda’s Everest Re Group was downgraded by Macquarie to a “neutral” rating in a research note issued on Monday [Apr. 15], AnalystRatingsNetwork reports. A number of other firms have also recently commented on RE. Analysts at Zacks upgraded shares of Everest Re Group from a “neutral” rating to an “outperform” rating in a research note... Read more of this article
Zacks Upgrades Everest Re To “Outperform”
Bermuda’s Everest Re Group was yesterday [Apr. 10] upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients, AnalystRatingsNetwork.com reports. The firm currently has a $153.00 price target on the stock. Zacks‘ analyst wrote, “We are upgrading our recommendation on the shares of Everest... Read more of this article
