Everest Group Ltd. (ERE)

Overview

Everest Group, Ltd., having adopted its current name in July 2023, is rooted in a rich history that stretches back to its foundation in 1973. Positioned strategically in Hamilton, Bermuda, the organization extends its vast array of reinsurance and insurance product offerings not just within the United States and Bermuda, but also on a global scale. This expansive reach encompasses territories such as Ireland, Canada, Singapore, Switzerland, the United Kingdom, Europe, South America, France, Germany, Spain, Chile, and the Netherlands. By operating through two chief segments—Reinsurance Operations and Insurance Operations—Everest Group, formerly known as Everest Re Group, Ltd., caters to a diverse clientele that includes both individual and institutional customers. It excels in writing property and casualty reinsurance, along with specializing in various niche markets through its reinsurance brokers and direct dealings with ceding companies. The Insurance Operations segment is geared towards crafting property and casualty insurance policies that are delivered through an extensive network of brokers, surplus lines brokers, and general agents. As a venerable entity in the insurance and reinsurance industry, Everest Group stands as a testament to enduring excellence and adaptability in meeting the complex demands of the modern insurance landscape.

Products and Services

• Treaty and Facultative Reinsurance: These products offer solutions for risk management where treaty reinsurance provides coverage for multiple risks under a single contract, and facultative reinsurance allows for the coverage of individual risks. This flexibility supports ceding companies in effectively managing their risk portfolios.
• Admitted and Non-Admitted Insurance Products: Catering to a broad market, these products range from standard insurance policies (admitted) that comply with state regulatory requirements to more specialized coverage options (non-admitted) that address unique or hard-to-place risks not covered under standard policies.
• Property and Casualty Reinsurance and Insurance Coverage: This encompasses a wide range of options including marine, aviation, surety, professional liability (errors and omissions), and directors’ and officers’ liability. Additionally, coverage extends to medical malpractice, mortgage reinsurance, and various other specialty lines alongside comprehensive accident, health, and workers' compensation products. These products are tailored to safeguard clients against an array of potential risks.
• Commercial Property and Casualty Insurance Products: Through wholesale and retail brokers, surplus lines brokers, and program administrators, Everest Group provides robust coverage for businesses. This includes a spectrum of products designed to protect commercial entities from property and casualty risks, further strengthening their operational resilience.