Everest Re Group News

Everest Re Estimates $150 Million in Pandemic-Related Losses During First Quarter

Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come from the Reinsurance Segment, although both its reinsurance and …

Everest Re Restructures Risk Management Function, Naming Mango CRO, Chief Actuary

Everest Re Group Ltd. announced the promotion of Don Mango to Everest Group chief risk officer and chief actuary, effective March 30th. In this new role, Mango will report to Everest Re Group President and CEO Juan C. Andrade. He …

Everest Re Taps NewRe’s Klinger as Head of Continental Europe, Succeeding Knipper

Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33 years in the industry. Klinger joins Everest Re …

Everest Re Group Estimates Q3 Catastrophe Losses of $280 Million

Everest Re Group Ltd. announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280 million. This amount is net of reinsurance recoveries and reinstatement premiums, said Everest Re, noting that net of …

Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems

Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT consulting firm and business solutions provider, Salus was founded in …

Everest Re Estimates Q4 2018 Catastrophe Losses of $695 Million

Everest Re Group, Ltd. expects to incur in the fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes. The catastrophe losses were related to the fourth quarter 2018 events of Hurricane Michael which affected …

Everest Re Group CEO Addesso to Retire at End of 2019

The Board of Directors of Everest Re Group Ltd. has been informed by its President and Chief Executive Officer Dominic J. Addesso that he will retire at the end of his contract term on Dec. 31, 2019. As a result, …

Everest Re and Argo Report Net Catastrophe Loss Estimates for Q3 2018

Everest Re Group Ltd. and Argo Group International Holdings Ltd. announced their preliminary pre-tax catastrophe loss estimates for the third quarter, ended Sept. 30, 2018. Bermuda-based Everest Re’s estimated catastrophe loss was $240 million, net of reinsurance. The estimate includes …

Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims

Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and related events. Everest said its original loss …

Everest Re CEO Addesso Contract Is Extended Through 2019

Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, 2019. Addesso has issued a short statement about the …