Everest Re News

Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014

Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for the first quarter …

Everest Re Group Reports $340.1 Million Q4 Net Income; $1.2 Billion for Year

Bermuda-based Everest Re Group Ltd. reported fourth quarter 2014 net income available to common shareholders of $340.1 million, or $7.47 per diluted common share, compared to net income of $364.6 million, or $7.54 per diluted common share, for the fourth …

Catastrophe Bond Issuance Reaches Record Levels: Aon Benfield Report

Property catastrophe bond issuance for the fourth quarter 2014 stood at USD$2.1 billion across six separate transactions, contributing to a record annual property catastrophe bond issuance of USD$8.0 billion, according to a report published by Aon Benfield Securities, the investment …

Everest Re’s Special Purpose Reinsurer Reaches $370 Million of Capacity

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. Logan Re, which was formed in early 2013, …

Best Affirms Everest Re Group and Affiliates Ratings; Outlook Stable

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 affiliates. Best also affirmed the ICRs of “a-” of Everest Re …

Earnings Reports: Aspen Insurance Holdings, Everest Re Group

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 $582.2 mn Net premiums earned ———– $513.4 mn …

Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor

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, Dominic J. …

Earnings Reports: Everest Re, Montpelier Re

Howie Joins Everest Re; to Become New CFO

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 will assume the role of Chief Financial …

Earnings Reports: Everest Re, XL Group