Latest Everest Re Headlines
All the headlines from our Everest Re Topic Page, ordered by recency.
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...
S&P Affirms Everest Reinsurance Holdings Ratings
Oct 7 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” debt rating on U.S.-based Everest Reinsurance Holdings Inc.’s $250 million senior unsecured note issuance. S&P...
Everest Re Estimates Around $190 Million Exposure to Hurricane, Typhoon Losses
Oct 4 2004 // Barbados-based Everest Re Group, Ltd. announced that, based on its initial assessment of potential exposures, it expects aggregate losses from Hurricanes Charley, Frances, Ivan and Jeanne, and the quarter’s Pacific...
Everest Re Group Announces Second Quarter Earnings
Jul 20 2004 // Bermuda-based Everest Re Group Ltd. reported a second quarter 2004 after-tax operating income, which excludes realized capital gains and losses, of $174.4 million, or $3.07 per diluted share, a 62.8 percent increase...
AARIS Cancels Everest Re Workers Comp Contract
Jun 22 2004 // The Barbados-based Everest Re Group, Ltd. reported, as a follow-up to its press release of June 16, 2004 (See IJ Website “West” June 17), that it has now received notice of termination with respect to its...
Everest Re Responds to Questions Concerning California Workers Comp Business with AARIS
Jun 17 2004 // The Barbados-based Everest Re Group, Ltd. has taken the relatively unusual step of issuing a press bulletin concerning its business relations with California workers comp insurer American All Risk Insurance Services, Inc....
Best Affirms Everest Re Subs ‘A+’ Rating
Jun 3 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based Everest Re Group’s reinsurance and insurance subsidiaries. Best also affirmed all debt...
Everest Re Q1 Operating Earnings $151.5 Million
Apr 20 2004 // Everest Re Group, Ltd. reported from its Barbados headquarters that first quarter 2004 after-tax operating income, which excludes realized capital gains and losses, was $151.5 million, or $2.67 per diluted share, a 45.6...
Best Rates Everest Re’s Trust Preferred Securities ‘a-‘
Mar 26 2004 // A.M. Best Co. announced that it has assigned a debt rating of “a-” to the $280 million 6.20 percent due 2034 trust preferred securities recently issued by Everest Re Capital Trust II and guaranteed by Everest...
Everest Re Group Announces Dividend
Feb 20 2004 // Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.10 per share payable on or before March 19, 2004 to all shareholders of record as of March 1, 2004. Everest Re Group Ltd. is a Bermuda...
Everest Re Doubles Q4 Net to $121.8 Million; Full-year Operating Income $456 Million
Feb 3 2004 // Barbados-based Everest Re Group, Ltd. reported a fourth quarter 2003 net income increase of 119.2 percent to $121.8 million, or $2.15 per diluted share, compared to $55.6 million, or $1.08 per diluted share, in the fourth...
Moody’s Affirms Everest Re Group Ratings
Jan 8 2004 // Moody’s Investors Service announced that it has assigned prospective ratings to the $975 million universal shelf registration of Everest Re Group, Ltd. (Everest Re Group) — prospective senior unsecured debt at...
Everest Re Posts 38.8% Increase in Q3 Net Income
Oct 21 2003 // Everest Re Group, Ltd. reported from the Barbados that its third quarter 2003 net income increased 38.8 percent to $100.3 million, or $1.77 per diluted share, compared to $61.3 million, or $1.19 per diluted share, in the...
Fitch Affirms Everest Re ‘A-‘ Debt Ratings, Assigns ‘AA-‘ IFS Ratings
Sep 24 2003 // Fitch Ratings announced that it has affirmed the ‘A-‘ long-term issuer and senior debt ratings of Everest Reinsurance Holdings, Ltd., a subsidiary of the Bermuda-based Everest Re Group, and its trust preferred...
S&P Affirms Everest Re Group Ratings
Sep 4 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ counterparty credit and preliminary senior debt, ‘BBB+’ subordinated debt, and ‘BBB’ preferred stock...
Everest Re Files Universal Shelf Registration Statement
Jun 30 2003 // The Everest Re Group, Ltd., a Bermuda holding company that operates Everest Reinsurance Company and other subsidiary companies, announced that it has filed a Form S-3 universal shelf registration statement with the...
Best Affirms Everest Re Group’s ‘A+’ Ratings
Jun 23 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of the Bermuda-based Everest Re Group, Ltd’s core reinsurance and insurance subsidiaries. Best also said it had...
Everest Re Group Sells 4.48 Million Shares
Apr 24 2003 // Barbados-based Everest Re Group, Ltd. announced that it has sold 4,480,135 common shares through an underwriting placement with Goldman Sachs, who will re-offer the shares to investors. Everest Re recently reported strong...
Everest Re Group Posts $104 Million Q1 After Tax Operating Income, Ups Earnings Forecast
Apr 22 2003 // The Barbados-based Everest Re Group, Ltd. reported first quarter 2003 after-tax operating income of $104.1 million, or $2.02 per diluted share, a 58% increase compared to $66.1 million, or $1.35 per diluted share in the...
