HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 17, 2015--
Everest Re Group, Ltd. (NYSE: RE) announces strategic alliance between
its U.S. primary specialty insurer, Everest National Insurance Company,
and Associated Electric & Gas Insurance Services (AEGIS). This new
partnership will provide primary admitted coverages to AEGIS members,
and non-member energy companies, in the utility and related energy
industry, including those involved with exploration & production.
Utilizing its integrated and comprehensive infrastructure and in-depth
capabilities, Everest National will provide a full admitted product set
to these clients. This will include offerings for primary and excess
workers’ compensation coverage, general liability, and automobile
coverage, written on either a guaranteed cost or loss sensitive basis,
subject to underwriting guidelines. The new AEGIS-Everest alliance is
effective for business incepting January 1, 2016.
Jonathan Zaffino, President of Everest National Insurance Company,
commented, “We are proud to partner with AEGIS to offer leading products
and services to their member and non-member clients. We are excited to
begin this new venture and support its success with our vast reach of
admitted product capability and risk transfer solutions, leading claims
services and the strength of our balance sheet. We look forward to a
long-term and beneficial relationship with AEGIS and their member and
non-member clients alike.”
Everest National Insurance Company is part of Everest Re Group, a world
leader in property and casualty reinsurance and insurance, with an A.M.
Best rating of A+ (Superior) with a stable outlook.
Everest Re Group, Ltd. is a Bermuda holding company that operates
through the following subsidiaries: Everest Reinsurance Company provides
reinsurance to property and casualty insurers in both the U.S. and
international markets. Everest Reinsurance (Bermuda), Ltd., including
through its branch in the United Kingdom, provides reinsurance and
insurance to worldwide property and casualty markets and reinsurance to
life insurers. Everest Reinsurance Company (Ireland), Limited provides
reinsurance to non-life insurers in Europe. Mt. Logan Re, a segregated
cell company, capitalized by the Company and third party investors, is a
specialty reinsurer of catastrophe risks. Everest National Insurance
Company and Everest Security Insurance Company provide property and
casualty insurance to policyholders in the U.S. Everest Indemnity
Insurance Company offers excess and surplus lines insurance in the U.S.
Everest Insurance Company of Canada provides property and casualty
insurance to policyholders in Canada. Additional information on Everest
Re Group companies can be found at the Group’s web site at www.everestregroup.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151117006463/en/
Source: Everest Re Group, Ltd.
Everest Global Services, Inc.
Elizabeth B. Farrell, 908-604-3169
Vice
President, Investor Relations