Everest Re Group News

Bermuda-Based Mt. Logan Re Appoints Burke as Chief Financial Officer

Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016. Burke has 15 years of experience in senior finance roles in the reinsurance industry and was most recently with Sirius …

Everest Appoints Downey as Deputy Chief Underwriting Officer

Bermuda-based Everest Re Group Ltd. announced that Christopher Downey has been named deputy chief underwriting officer. Downey joins Everest from Montpelier Reinsurance Ltd. where he served as senior vice president and head of their Global Casualty & Specialty Treaty unit. …

Everest’s Crop Insurance Unit Partners with Global Ag Risk Solutions

Everest Re Group, Ltd. has formed a strategic alliance between its U.S. crop insurance unit, Heartland Crop Insurance, Inc., and Global Ag Risk Solutions (GARS). The new partnership will deliver GARS Production Cost Insurance to farms across the U.S. through …

Everest Re Reports Q4 Operating Income of $353.5M, vs $331.5M in Q4 2014

Bermuda-based Everest Re Group Ltd. reported fourth quarter 2015 after-tax operating income available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of $331.5 million, or $7.28 per diluted common share, for the …

Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations

Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6, 2016. Sanjoy Mukherjee will succeed de Saram …

Everest Re Names Kneafsey as Active Underwriter of its Lloyd’s Syndicate 2786

Everest Re Group Ltd. announced that Paul Kneafsey will be joining the company as the active underwriter of its Lloyd’s Syndicate 2786. Kneafsey is expected to assume his new role effective May 1, 2016. He will join Everest from ArgoGlobal …

Everest Re Adds Inland Marine Unit to U.S. Specialty Platform

Everest Re Group, Ltd., has expanded its U.S. specialty insurance platform, Everest National Insurance Co., with the introduction of a new dedicated Inland Marine underwriting team. Everest National is pursuing a broad and comprehensive strategy in the implementation of its …

Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014

Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the third quarter …

Asta Managing Agency Launches Everest Syndicate 2786

Asta Managing Agency Ltd. and Everest Re Group Ltd. announced the Lloyd’s Franchise Board has granted “in principle” approval to establish and manage a new dedicated corporate syndicate backed by Everest Re, with initial gross premium of £102 million ($151 …

Mt. Logan Re Ltd. Appoints Caponigro as Head of Business Development

Bermuda-based Mt. Logan Re Ltd.* has appointed Chris Caponigro as head of business development. Caponigro brings a diverse background with over 20 years of experience, which includes property, specialty, and structured underwriting, in addition to various financial and analytical roles. …