HAMILTON, Bermuda--(BUSINESS WIRE)--May 9, 2016--
Everest Re Group, Ltd. (NYSE:RE) announces the formation of the
Alternative Solution Group at Everest Specialty Underwriters, a division
of Everest Insurance. The Alternative Solutions Group offers
transactional risk insurance as well as professional and management
liability insurance on both a primary and excess basis to private equity
firms and hedge funds.
Robert Clark has been appointed to the position of Vice President to
head up this new unit. Robert joined Everest in late 2015 from Axis
Insurance Company, where he was Vice President of the Private Equity
Group. Prior to that, Robert worked for Moody’s Investor Service as an
analyst for the P&C Insurance Team, which included responsibility for a
portfolio of insurance broker credits that were purchased in private
equity sponsored transactions. Robert is a CFA® charterholder and earned
his MBA from the Thunderbird School of Global Management.
Michael Karmilowicz, Head of Everest Specialty Underwriters, commented,
“We are excited to have Robert leading the Alternative Solution Group as
we continue to strive to be a premier provider of innovative insurance
solutions for alternative asset managers. We continue to increase our
footprint in the alternative asset management arena via private equity,
hedge fund, and transactional risk solutions. Robert’s comprehensive
background, and years of experience in the areas of financial analysis
and underwriting, brings critical insight to Everest’s expanding
portfolio in this space.”
Jonathan Zaffino, President of Everest Insurance North America, added,
“The Everest platform continues to enhance its specialization via its
focus on the development of innovative solutions for targeted industry
groups. We are pleased to offer our latest customized offerings to the
alternative asset management community through Everest Specialty
Underwriters. The Everest balance sheet and its solid financial ratings
allow us to bring meaningful capacity and bespoke solutions to our
valued trading partners and our alternative asset management clients
within the North America market.”
Everest Specialty Underwriters is a market leader in providing financial
lines solutions to the security broker/dealer industry, insurance
agents, asset managers, and the banking and insurance industries.
Everest Specialty Underwriters is also a leading insurance provider to
the community banking industry, through Everest Insurance’s program
manager relationship with the ABA Insurance Services Inc.
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. 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. In addition,
through Mt. Logan Re, Ltd., the Company manages segregated accounts,
capitalized by the Company and third party investors that provide
reinsurance for property catastrophe risks. 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/20160509006491/en/
Source: Everest Re Group, Ltd.
Everest Global Services, Inc.
Elizabeth B. Farrell, 908-604-3169
Vice
President, Investor Relations