Latest Everest Re Headlines
All the headlines from our Everest Re Topic Page, ordered by recency.
Earnings Report: RenRe, Everest Re Post Strong 3Q Gains
Oct 22 2002 // Increases in premiums and higher demand for reinsurance seems to be offsetting falls in equity values, as two of Bermuda’s leading reinsurers, RenaissanceRe and Everest Re, posted strong third quarter...
Everest Re’s Drop in 2ndQ Net Income Due to WorldCom
Jul 24 2002 // Bermuda-based Everest Re Group Ltd. reported a decrease in second quarter 2002 net income, affected by the previously disclosed investment losses from exposure to WorldCom, of 6.8 percent to $53.4 million, or $1.02 per...
Aegon, ACE, Everest Re Comment on WorldCom Exposures
Jul 1 2002 // As the fallout from the latest U.S. accounting scandal echoes across the globe, The Netherland’s Aegon and Bermuda’s ACE Limited and Everest Re released statements on their potential WorldCom exposures. Aegon,...
S&P Affirms Everest Re (U.S.) ‘A-‘ Rating, Outlook Positive
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
Everest Re Q1 Operating Income Up 23.6%
Apr 24 2002 // Everest Re Group, Ltd. reported that its first quarter 2002 after-tax operating income, which excludes realized capital gains and losses, was $66 million, or $1.35 per diluted share, a 23.6 percent increase compared to...
Everest Re Estimates Enron Losses at $25 Million
Dec 10 2001 // Barbados-based Everest Re Group, Ltd. announced that a preliminary estimate of its loss exposure following the collapse of Enron would amount to around $25 million net after reinsurance and tax recoveries. The estimate...
Everest Re Acquires AFC Re
Dec 26 2000 // Everest Reinsurance (Bermuda) Ltd., a subsidiary of the Everest Re Group announced that it has “acquired AFC Re Ltd., a Bermuda based annuity/life reinsurer, from AFC Holdings Ltd. for approximately $17 million in a...
Everest Re Affirmed
Nov 27 2000 // The “A+” financial strength rating (FSR) of Everest Reinsurance Co. and its four insurance affiliates was affirmed by A.M. Best following completion of the group’s restructuring plan. The other affected...
Rating News on Everest Re, Zurich
Nov 17 2000 // Standard & Poor’s credit rating service assigned its double A minus counterparty credit and financial strength ratings to Everest Reinsurance (Bermuda) Ltd. (ERB), and A.M. Best announced that it had extended...
Everest Re Group Completes Gibraltar Acquisition
Sep 20 2000 // Everest Re Group, Ltd.’s U.S. subsidiary Everest Reinsurance Holdings, Inc. has completed the acquisition of Gibraltar Casualty Company from The Prudential Insurance Company of America. The acquisition price of $51.8...
