Everest Group

Last updated
Everest Group, Ltd.
FormerlyEverest Re Group, Ltd.
Company type Public
ISIN BMG3223R1088
Industry Insurance
Founded1973;52 years ago (1973)
Headquarters Bermuda, US [1]
Key people
  • Jim Williamson (CEO)
  • Joseph V. Taranto (Chairman)
ProductsReinsurance, insurance
RevenueIncrease2.svg US$12.06 billion (2022)
Decrease2.svgUS$597 million (2022)
Total assets Increase2.svgUS$39.97 billion (2022)
Total equity Decrease2.svgUS$8.44 billion (2022)
Number of employees
2,428 (February 2023)
Website everestglobal.com
Footnotes /references
[2]

Everest Group, Ltd. is a Bermuda-based provider of reinsurance and insurance, operating for 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories. Everest offers property, casualty, and specialty insurance and reinsurance through its various operating affiliates located in key markets around the world.

Contents

History

In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial. [3]

In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance. [4] On October 6, 1995, Prudential Reinsurance completed an IPO. [5] The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest. [6] In 2017, Everest Re became a S&P 500 component. [7]

References

  1. ↑ Trinidad Navarro (23 June 2022). "Report on examination of Everest Reinsurance Company as of December 31, 2020" (PDF). Delaware Department of Insurance. Retrieved 12 September 2024.
  2. ↑ "2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2023-02-24.
  3. ↑ "History of The Prudential Insurance Company of America – FundingUniverse". www.fundinguniverse.com. Retrieved 2017-12-09.
  4. ↑ Kerr, Peter (1993-03-12). "COMPANY NEWS; Prudential May Sell Its Reinsurance Unit". The New York Times. ISSN   0362-4331 . Retrieved 2017-12-09.
  5. ↑ "Everest Re Group company profile - Office locations, jobs, key people, competitors, financial metrics, news, company life - Company Profile on craft.co". craft.co. Retrieved 2017-12-09.
  6. ↑ "Everest Reinsurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-12-09.
  7. ↑ "Stock Market News For Sep 12, 2017". Yahoo Finance News. September 12, 2017.
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