April 20, 2021
Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total, Everest said the Texas winter storms will cost $250 million, while Australia’s New South Wales floods will cost $10 million. …
October 23, 2020
Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020. The estimate includes the impact of Hurricanes Laura, Isaias and Sally, wildfires in California and Oregon, and other events including the Midwest …
April 24, 2020
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 …
March 17, 2020
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 …
January 21, 2020
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 …
October 16, 2019
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 …
September 26, 2019
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 …
January 28, 2019
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 …
January 8, 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, …
October 19, 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 …