Xuber, Xchanging’s insurance software business, has been selected by Everest Reinsurance Company (“Everest Re”) to implement Xuber for Reinsurers in place of its existing legacy system. The deal marks the first customer to ...
Brown & Brown subsidiary Arrowhead General Insurance has signed definitive agreement to acquire certain assets associated with Everest Security Insurance Company (ESIC), a wholly-owned primary insurance subsidiary of Everest Re Group, ...
Tags: General Insurance, insurance, Everest
Everest Re Group has established a new Bermuda domiciled special purpose reinsurer, Mt. Logan Re, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. With an initial funding of $50m, the company ...
Tags: reinsurer, reinsurance market, Everest Re, reinsurance marketplace
Everest Re Group has reported $250.9m in net income or $4.82 per diluted common share for the third quarter 2012, an increase of 298% compared to $63.1m, or $1.16 during the same period last fiscal. After-tax operating income, excluding ...
Tags: Everest Re Group, net income, quarter 3, insurance
Everest Re Group, a Bermuda-based property and casualty reinsurance and insurance firm, has announced that its chief executive officer, Joseph Taranto has agreed to continue his role through 2013. According to the company, Taranto will be ...
Tags: Everest Re Group, chief executive officer, Joseph Taranto, insurance
Bermuda-based insurer Everest Re Group has reported a net income of $214.6m, or $4.08 diluted earnings per share, for the second quarter of 2012, compared to $131.3m, or $2.41 diluted earnings per share, for the same period in 2011. For ...
Tags: Everest Re Group, net income, second quarter, insurance company