QUOTE AND NEWS
Insurance Journal  Sep 2  Comment 
Everest Re Group, Ltd. announced that Robert Schaetti will join the Zurich branch of Everest Re Group as head of Casualty Underwriting. Schaetti joins Everest Re from Partner Re where he most recently served as head of liability and medical …
Insurance Journal  Aug 26  Comment 
Everest Re Group Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into a strategic long term …
Motley Fool  Jul 26  Comment 
The reinsurance leader returned to growth in one of its biggest markets this quarter.




 
TOP CONTRIBUTORS

Based in Barbados, Bermuda, Everest Re Group, Ltd. (RE) writes property/casualty (P&C) reinsurance and insurance on a global basis. The company also offers other innovative products like excess and surplus lines insurance. The company virtually underwrites all classes and catagories of business in treaty, facultative and specialty lines, both through brokers and directly with ceding companies. Incorporated in 1999 as a wholly owned subsidiary of Everest Reinsurance Holdings, Everest Re Group, Ltd. now operates as the parent company. However, Everest Reinsurance Holdings continues to be the parent company for the non-Bermuda operations.

Everest Re Group classified its 2006 operations into five segments:

U.S. Reinsurance - 33.4% of gross written premiums (GWP) - provides property/casualty (P&C) reinsurance on both a treaty and facultative basis.

U.S. Insurance 21.6% of GWP - offers workers' compensation and other P&C coverages.

International 18.3% of GWP - targets several global destinations.

Specialty Underwriting 6.3% of GWP - offers a variety of specialty lines, such as marine, aviation, medical malpractice, directors and officers (D&O), and errors and omission (E&O).

Bermuda 20.4% of GWP - includes the company's Bermudan P&C, life and annuity activities.




References

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