Everest Group Ltd. EG

Overview

Everest Group, Ltd., a notable entity in the insurance and reinsurance industry, offers a wide range of products across the United States, Europe, and globally. Initially known as Everest Re Group, Ltd., it transitioned to its current name in July 2023, signifying a broadened focus. With a rich history dating back to 1973 and a strategic headquarters in Hamilton, Bermuda, Everest Group stands as a pivotal player in the market. Operating through two primary segments, Insurance and Reinsurance, the company caters to the diverse needs of its global clientele. It emphasizes not just the breadth of its geographic coverage but also the depth of its offerings, ranging from casualty and property reinsurance to a variety of specialized insurance products.

Products and Services

• Reinsurance:

  This segment includes property and casualty reinsurance alongside specialty lines. Everest Group serves ceding companies and brokers in key markets like the United States, Bermuda, Ireland, and more, providing solutions that cover a wide spectrum of risks.

• Insurance Operations:

  Dealing in property and casualty insurance, this division works directly and through intermediaries such as brokers and agents across varied regions, including the Americas and Europe. It focuses on tailoring coverage to meet specific client needs.

• Treaty and Facultative Reinsurance:

  Everest Group offers customized reinsurance contracts that meet the individual needs of ceding companies, ranging from aggregate treaties to specific risk coverage, enabling effective risk management for its clients.

• Admitted and Non-Admitted Insurance Products:

  This service caters to the varying regulatory requirements of different jurisdictions, offering flexible insurance solutions that ensure clients are adequately protected regardless of the complexity of their risk profiles.

• Accident and Health, Specialty Underwriters:

  Everest Group provides specialized insurance solutions in the accident and health sectors, using expert underwriters to address the unique needs and challenges of these markets.

• Eversports and Entertainment:

  Addressing the niche requirements of the sports and entertainment industries, Everest Group delivers tailored insurance products that protect against the specific risks faced by professionals in these fields.

• Surety and Credit, Marine and Aviation:

  The company extends its expertise to offer surety and credit products, as well as marine and aviation insurance, ensuring comprehensive coverage across these critical sectors.

• Structured and Property Hybrid Solutions:

  Through innovative structuring of insurance and reinsurance products, Everest Group provides solutions that help manage the volatility associated with property risks, offering peace of mind to its clientele.

• Commercial Property and Casualty Insurance:

  Offered through various distribution channels including wholesale and retail brokers, this service underlines Everest Group’s commitment to supporting businesses in mitigating their risks efficiently.