HAMILTON, Bermuda--(BUSINESS WIRE)--Mar. 15, 2016--
Everest Re Group, Ltd. (NYSE: RE) announces the rebranding of its
program business division within the U.S. specialty insurance platform,
Everest Insurance™ , to Everest Underwriting Partners. This
change is reflective of both the rapid evolution occurring within
industry distribution channels, and the many opportunities Everest has
to engage with a growing and more sophisticated range of potential
partners.
With a great deal of experience in the delegated authority space,
Everest Underwriting Partners is well positioned to respond to the
growing range of opportunities within the rapidly transitioning
marketplace. Everest Insurance will continue to target these business
opportunities in a complimentary manner to its expanding direct
underwriting operations. The current business within Everest
Underwriting Partners is written with select and well-respected partners
across the U.S., and managed within Everest Insurance by a seasoned team
of dedicated, industry professionals.
Brian Drum, Head of Everest Underwriting Partners, said, ”Everest
Underwriting Partners remains dedicated to the management and oversight
of industry and niche focused delegated authority business, technology
driven distribution and underwriting models, as well as business derived
from other new and developing sources.”
Jonathan Zaffino, President of Everest Insurance commented, ''This name
change better captures the essence of Everest Underwriting Partners, and
the reality of its evolving client base. We will continue to establish
relationships with key trading partners that possess unique expertise
across targeted areas of growth for Everest, coupled with deep and
technologically enabled distribution platforms and strong financial
backing. Brian Drum has successfully managed this operation for us over
the past six years, and we look forward to a bright future under his
leadership of the new Everest Underwriting Partners.”
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. The Company also operates within
the Lloyd's insurance market through Syndicate 2786. 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/20160315006508/en/
Source: Everest Re Group, Ltd.
Everest Global Services, Inc.
Elizabeth B. Farrell, 908-604-3169
Vice
President, Investor Relations