Everest Re Group history, company profile (overview) and history video
Everest Re Group, Ltd. is a global reinsurance and insurance company with headquarters in Hamilton, Bermuda and Warren, New Jersey, United States. Its insurance products cover fields such as property, casualty, financial, specialty, accident & health, and programs.
HISTORY
Everest Re was founded in 1973 as Prudential Reinsurance, the Reinsurance arm of Prudential. (Prudential Financial, Inc.)
In 1991, Prudential National Insurance Co. was established to provide primary Property & Casualty Insurance.
In 1995, after operating as a subsidiary of Prudential Financial, Prudential Reinsurance (Everest) successfully completed its initial public offering (IPO) and began trading on the New York Stock Exchange (NYSE).
In 1996, The company officially adopted the “Everest” name.
In 2013, Everest Re established Special Purpose Reinsurer, Mt. Logan Re, Ltd. to provide collateralized capacity to the worldwide property catastrophe reinsurance market.
In 2013, the Specialty Insurance Group (SIG) was also launched as a managing general agency, focused on providing tailored insurance solutions to the sports, leisure and entertainment industry.
In 2015, the Everest Insurance brand was launched.
In 2016, the company launched Lloyd’s Syndicate 2786, entering the international insurance market.
LOCATIONS
- United States
- Canada
- Bermuda
- Latin America & Caribbean
- London
- Continental Europe
- Asia Pacific
- Middle East & Africa
With more than 1,900 employees, Everest Re Group, Ltd. is considered one of the world’s leading reinsurance and insurance organizations. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.everestre.com.
**Video published on YouTube by “Companies History“.