Latest Everest Re Headlines
All the headlines from our Everest Re Topic Page, ordered by recency.
Everest Re Posts $240.2 Million Q3 Operating Income
Oct 25 2006 // Everest Re Group, Ltd. joined a growing list of Bermuda-based insurers who have seen their third quarter profits rebound sharply from last year’s disastrous results. The Group reported third quarter 2006 after-tax...
Everest, Holdren and PrideMark Insurance Agencies Merge
May 16 2006 // Everest Insurance, Holdren Insurance Agency and PrideMark Insurance Agents/Brokers have combined organizations to form PrideMark-Everest Insurance Services. The three agencies now operate from PrideMark’s building...
Best Affirms Everest Re ‘A+’ Ratings
Apr 28 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of the reinsurance operating subsidiaries of the...
Everest Re Q1 Operating Income Falls 4.5% to $157.9 Million
Apr 25 2006 // The Bermuda-based Everest Re Group, Ltd. reported first quarter 2006 after-tax operating income, which excludes realized capital gains and losses, of $157.9 million, or $2.41 per diluted share, a 4.5 percent decrease...
Everest Re to Release Q1 Earnings April 24
Apr 21 2006 // The Bermuda-based Everest Re Group, Ltd. announced that it will release its First Quarter 2006 earnings after the close of trading on the NYSE on April 24, 2006. A conference call discussing the results will be held at...
Everest Re Ups 2005 Hurricane Losses to $1.2 Billion
Jan 13 2006 // The Bermuda-based Everest Re Group, Ltd. announced that it has increased its loss estimates for Hurricanes Katrina, Rita and Wilma. Total pre-tax losses from these events, which had previously been estimated at $1.0...
Everest Re to Raise $280 Million; S&P Affirms Ratings
Dec 5 2005 // The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to...
Everest Re Estimates Hurricane Wilma Losses at $230 Million
Nov 30 2005 // The Bermuda-based Everest Re Group, Ltd. announced that it estimates losses arising from Hurricane Wilma at $230 million on an after-tax basis. “This event, which impacted the Yucatan peninsula of Mexico and South...
Everest Re Group Updates Q3 Events
Oct 6 2005 // Bermuda-based Everest Re Group Ltd. announced that net pre-tax catastrophe loss impacts arising from third quarter events are expected to be significant, with the principal components being $638 million attributable to...
Everest Re Group Puts Katrina Loss Estimates at 1% of Industry Total
Sep 14 2005 // Everest Re Group Ltd. announced from its Bermuda headquarters that its losses from Hurricane Katrina could amount to approximately one percent of the total insurance industry losses. This would put the estimates in the...
Everest Re Extends CEO Taranto’s Employment Agreement
Sep 1 2005 // The Bermuda-based Everest Re Group, Ltd. announced that the employment agreement of Chairman and CEO Joseph V. Taranto, has been extended to March 31, 2008. Taranto has been in charge at Everest Re since it was formed in...
Everest Re Q1 Operating Income up 9% to $165.2 Million; 14.5% Drop in Gross Premium
Apr 19 2005 // Bermuda’s Everest Re Group reported good first quarter results. The company’s after-tax operating income (which excludes realized capital gains and losses) was $165.2 million, or $2.90 per diluted share, a 9...
Everest Re Posts $94.7 Million Q4 Operating Income; $425.3 Million Full Year
Feb 1 2005 // The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2004 after-tax operating income – which excludes realized capital gains and losses – of $94.7 million, or $1.66 per diluted share, a 20.2 percent...
Everest Re Lowers Q4 Earnings Estimate
Jan 25 2005 // The Bermuda-based Everest Re Group has issued a bulletin indicating that it now expects fourth quarter 2004 net income and after-tax operating earnings of approximately $1.65 per diluted share. The company had earlier...
Everest Re Posts $133 Million Q4 Cat Losses
Jan 17 2005 // Bermuda-based Everest Re Group, Ltd. announced that its fourth quarter results would be adversely impacted by catastrophe losses, which it estimates will be around $133 million, or $2.32 per diluted share, after...
Fitch Affirms Everest Re Ratings
Dec 17 2004 // Fitch Ratings announced that it has affirmed all ratings related to Everest Re Group, Ltd., including the “A-” senior debt and long-term issuer rating of intermediate holding company, Everest Reinsurance...
Everest Re Appoints Jackson as U.K. General Manager
Nov 12 2004 // Bermuda-based Everest Reinsurance Ltd., a wholly owned subsidiary of Everest Re Group Ltd., announced the appointment of Tom Jackson as General Manager of its U.K.branch in London. “This operation writes treaty...
Everest Re Q3 Operating Earnings Down 96.2%
Oct 19 2004 // Everest Re Group, Ltd. reported from its Barbados headquarters that its third quarter 2004 after-tax operating income (which excludes realized capital gains and losses) was $4.8 million, or $0.08 per diluted share, a 96.2...
Everest Re Group Notes Everest Bermuda Changes
Oct 14 2004 // Everest Re Group Ltd. announced the following executive changes at its wholly owned subsidiary, Everest Reinsurance (Bermuda) Ltd. (“Everest Bermuda”). Mark de Saram, presently CEO of Everest Bermuda’s UK...
Everest Re Holdings Estimates Hurricane, Typhoon Losses at Around $120 Million
Oct 7 2004 // Everest Reinsurance Holdings, Inc., a wholly owned subsidiary of Bermuda’s Everest Re Group, Ltd. announced that its share of the aggregate estimated losses previously announced by the Group from the Florida...
