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Everest Group, Ltd. is a Delaware-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. Everest offers property, casualty, and specialty insurance and reinsurance through its various operating affiliates located in key markets ...
Everest Re Group Announces Dividend HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYS: RE) announced today that its Board of Directors declared a dividend of $0.48 per share payable ...
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Everest Re Group Reports Fourth Quarter and Full Year 2012 Earnings HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYS: RE) today reported fourth quarter 2012 net income of $58.8 ...
Treaty Reinsurance means that the ceding company and the reinsurer negotiate and execute a reinsurance contract under which the reinsurer covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract. The reinsurance contract may obligate the reinsurer to accept reinsurance of ...
In October 2000, some Wall Street analysts questioned the decline in American International Group (AIG) loss reserves. [10] In an effort to quell these concerns, AIG entered into two sham reinsurance transactions with Cologne Re Dublin, a subsidiary of General Reinsurance, that had no economic substance but were designed to add $500 million in phony loss reserves to AIG’s balance sheet in ...
Everest Re Establishes Special Purpose Reinsurer, Mt. Logan Re, Ltd. HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYS: RE) today announced the formation of Mt. Logan Re, Ltd., a ...
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