Last $163.68 USD
Change Today +1.05 / 0.64%
Volume 94.4K
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Company Description

Contact Info

Wessex House

2nd Floor

45 Reid Street

PO Box HM 845

Hamilton, HM DX

Bermuda

Phone: 441-295-0006

Fax: 441-295-4828

Everest Re Group, Ltd. engages in the underwriting of reinsurance and insurance in the U.S., Bermuda and international markets. The company underwrites reinsurance both through brokers and directly with ceding companies, giving it the flexibility to pursue business based on the ceding company’s preferred reinsurance purchasing method. The company’s operating subsidiaries provide insurer ratings that assign financial strength ratings to insurance companies based on their ability to meet their obligations to policyholders. Principal Operating Subsidiaries Everest Reinsurance (Bermuda), Ltd. (Bermuda Re), a Bermuda insurance company and a direct subsidiary of the company, is registered in Bermuda as a Class 4 insurer and long-term insurer and is authorized to write property and casualty and life and annuity business. Bermuda Re’s U.K. branch writes property and casualty reinsurance to the United Kingdom and European markets. Everest International Reinsurance, Ltd. (Everest International), a Bermuda insurance company and a direct subsidiary of the company, is registered in Bermuda as a Class 4 insurer and is authorized to write property and casualty business. Mt. Logan Re Ltd. (Mt. Logan Re), a Bermuda insurance company and a direct subsidiary of the company, is registered in Bermuda as a Class 3 insurer and is authorized to write property and casualty reinsurance. Through 2013, all of Mt. Logan Re’s business has been inter-affiliate reinsurance assumed from Everest Re, the UK branch of Bermuda Re and Ireland Re, and all business has been written through segregated cells. Everest Reinsurance Company (Ireland) Limited (Ireland Re), an Ireland reinsurance company and an indirect subsidiary of the company, is licensed to write non-life reinsurance, both directly and through brokers, for the London and European markets. Everest Reinsurance Company (Everest Re), a Delaware insurance company and a direct subsidiary of the company, is a licensed property and casualty insurer and/or reinsurer in all states, the District of Columbia and Puerto Rico and is authorized to conduct reinsurance business in Canada, Singapore and Brazil. Everest Re underwrites property and casualty reinsurance for insurance and reinsurance companies in the U.S. and international markets. Everest Insurance Company of Canada (Everest Canada), a Canadian insurance company and direct subsidiary of Holdings Ireland, is licensed to write property and casualty insurance in all Canadian provinces. Everest National Insurance Company (Everest National), a Delaware insurance company and a direct subsidiary of Everest Re, is licensed in 50 states and the District of Columbia and is authorized to write property and casualty insurance on an admitted basis in the jurisdictions in which it is licensed. The majority of Everest National’s business is reinsured by its parent, Everest Re. Everest Indemnity Insurance Company (Everest Indemnity), a Delaware insurance company and a direct subsidiary of Everest Re, writes excess and surplus lines insurance business in the U.S. on a non-admitted basis. Excess and surplus lines insurance is specialty property and liability coverage that an insurer not licensed to write insurance in a particular jurisdiction is permitted to provide to insureds when the specific specialty coverage is unavailable from admitted insurers. Everest Indemnity is licensed in Delaware and is eligible to write business on a non-admitted basis in all other states, the District of Columbia and Puerto Rico. The majority of Everest Indemnity’s business is reinsured by its parent, Everest Re. Everest Security Insurance Company (Everest Security), a Georgia insurance company and a direct subsidiary of Everest Re, writes property and casualty insurance on an admitted basis in Georgia and Alabama. The majority of Everest Security’s business is reinsured by its parent, Everest Re. Heartland Crop Insurance, Inc. (Heartland) is a Kansas based managing general agent and a direct subsidiary of the company. Heartland specializes in crop insurance, which is written mainly through Everest National. Segments U.S. Reinsurance This segm

 

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