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WIKI ANALYSIS
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.
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