Latest Everest Re Headlines
All the headlines from our Everest Re Topic Page, ordered by recency.
Everest Re’s Special Purpose Reinsurer Reaches $370 Million of Capacity
Jan 14 2014 // Everest Re Group, Ltd.’s special purpose reinsurer, Mt. Logan Re, Ltd., has secured additional funding, which brings current committed capacity to $370 million, above its initial target funding of $250 million. Mt....
Best Affirms Everest Re Group and Affiliates Ratings; Outlook Stable
Jul 26 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based Everest Reinsurance and its reinsurance and insurance...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Everest Re Reports $384.3 Million Q1 Net Income; 31% Growth in Operating EPS
Apr 25 2013 // The Bermuda-based Everest Re Group, Ltd. 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,...
Everest Re, Arrowhead Agree to Offer Non-Standard Auto Coverage
Apr 1 2013 // Everest Re Group, Ltd. wholly-owned primary insurance subsidiary, Everest Security Insurance Company, (ESIC) has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown...
Everest Re Reports $58.8 Million Q4 Net Income; FY 2012 $829 Million
Feb 7 2013 // The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2012 net income of $58.8 million, or $1.13 per diluted common share, compared to net income of $41.0 million, or $0.76 per diluted common share, for the...
Conn.-Based SPARTA Taps Former Everest Re Exec Jones as COO
Sep 12 2012 // Hartford, Conn.-based SPARTA Insurance Company has appointed Ralph E. Jones III as president and chief operating officer. Jones brings to SPARTA more than 30 years of experience in property/casualty underwriting. He has...
Earnings Reports: Aspen Insurance Holdings, Everest Re Group
Jul 26 2012 // Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $666.6 mn...
Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor
Jul 20 2012 // The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO of the Company through 2013, at which point he will retire from the position. Effective January 1, 2014,...
Earnings Reports: Everest Re, Montpelier Re
Apr 26 2012 //
Howie Joins Everest Re; to Become New CFO
Mar 21 2012 // The Bermuda-based Everest Re Group announced that Craig Howie will join the Company as Executive Vice President on March 26, 2012. Following the first quarter filings of the Company’s SEC financial statements, he...
Earnings Reports: Everest Re, XL Group
Feb 10 2012 //
Everest Re Estimates Q4 Total Catastrophe Losses at $245 Million
Jan 25 2012 // The Bermuda-based Everest Re Group announced that it expects to incur net catastrophe losses of approximately $245 million, after reinstatement premiums and taxes, for the quarter. “This loss provision includes an...
Everest Re Estimates Thai Flood Losses at $100 to $125 Million
Dec 27 2011 // The Bermuda-based Everest Re Group announced that it expects to incur net losses of between $100 million and $125 million, after reinstatement premiums and taxes, for claims arising from floods in Thailand. The bulletin...
Fitch Affirms Everest Re’s Ratings; Outlook Stable
Nov 17 2011 // Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries. “Everest’s debt ratings are only one notch lower...
Everest Re Names Addesso President; Doucette Chief Underwriting Officer
Jun 17 2011 // The Bermuda-based Everest Re Group announced that Dominic J. Addesso has been promoted to President. He joined Everest two years ago as Executive Vice President and Chief Financial Officer. Prior to his employment with the...
Everest Re Names Gourgeon as European General Manager
Jun 7 2011 // The Bermuda-based Everest Re Group has appointed Jean-Luc Gourgeon to the position of European General Manager, based in London. He most recently served as the Chief Underwriting Officer for PARIS RE Group and CEO of PARIS...
First Quarter Earnings Reports: Montpelier Re, Everest Re
Apr 28 2011 //
Everest Re Puts NZ Quake Losses at $140 to $210 Million; CEO Comments on Japan
Mar 18 2011 // The Bermuda-based Everest Re Group announced that its preliminary loss estimate for exposures relating to the earthquake that occurred near Christchurch, New Zealand in February is “in the range of $140 million to...
