Company:Everest Group

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Short description: Bermudan financial services company
Everest Group, Ltd.
FormerlyEverest Re Group
TypePublic company
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=BMG3223R1088 BMG3223R1088]
IndustryInsurance
Founded1973; 51 years ago (1973)
HeadquartersHamilton, Bermuda
Key people
  • Juan C. Andrade (President and CEO)
  • Joseph V. Taranto (Chairman)
ProductsReinsurance, insurance
RevenueIncrease US$12.06 billion (2022)
Decrease US$597 million (2022)
Total assetsIncrease US$39.97 billion (2022)
Total equityDecrease US$8.44 billion (2022)
Number of employees
2,428 (February 2023)
Websiteeverestglobal.com
Footnotes / references
[1]

Everest Group, Ltd. is a Bermuda-based provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories.

History

In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial.[2] In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance.[3] On October 6, 1995, Prudential Reinsurance completed an IPO.[4] The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest.[5] In 2017, Everest Re became a S&P 500 component.[6]

Business

Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.

Expanded history

  • Early years as Prudential
  • Founded in 1973
    • Financial Services
    • Reinsurance Arm
  • 1996 renaming to Everest Reinsurance

Business segments

  • Reinsurance
  • Insurance

References

  1. ↑ "2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2023-02-24. https://www.sec.gov/ix?doc=/Archives/edgar/data/1095073/000109507323000007/re-20221231.htm. 
  2. ↑ "History of The Prudential Insurance Company of America – FundingUniverse" (in en). http://www.fundinguniverse.com/company-histories/the-prudential-insurance-company-of-america-history/. 
  3. ↑ Kerr, Peter (1993-03-12). "COMPANY NEWS; Prudential May Sell Its Reinsurance Unit" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/1993/03/12/business/company-news-prudential-may-sell-its-reinsurance-unit.html. 
  4. ↑ "Everest Re Group company profile - Office locations, jobs, key people, competitors, financial metrics, news, company life - Company Profile on craft.co". https://craft.co/everest-re-group. 
  5. ↑ "Everest Reinsurance Company: Private Company Information - Bloomberg". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1588974. 
  6. ↑ Indices, S&P Dow Jones. "Everest Re Group Set to Join S&P 500; Pinnacle Financial Partners to Join S&P MidCap 400 and Armada Hoffler Properties to Join S&P SmallCap 600" (in en). https://www.prnewswire.com/news-releases/everest-re-group-set-to-join-sp-500-pinnacle-financial-partners-to-join-sp-midcap-400-and-armada-hoffler-properties-to-join-sp-smallcap-600-300472692.html. 

External links



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