Everest Re Applies for Brazil License

April 23, 2008

The Bermuda-based Everest Re Group, Ltd. announced that its subsidiary, Everest Reinsurance Company, has applied to the Brazilian regulatory authorities for approval as an occasional reinsurer.

Everest said: “The initial approval is the prelude to Everest’s planned entry as an admitted reinsurer, as it commences establishing a representative office in Brazil.

“With over thirty years experience in the Brazilian reinsurance market, Everest is very well known with an established reputation for underwriting and service excellence. As a market leader, Everest looks forward to satisfying the growing needs of its clients through a diverse array of treaty and facultative reinsurance products in all lines of property and casualty, including property, engineering, general and professional liability, surety, personal accident, health, marine and aviation.”

Source: Everest Re – www.everestre.com

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