Everest Re Group, Ltd.

Overview

Everest Re Group, Ltd.: A World-Class Insurance and Reinsurance Organization

When it comes to the insurance and reinsurance industry, Everest Re Group, Ltd. stands tall as a global leader. With a rich history dating back to 1973, Everest Re Group has established itself as one of the largest reinsurers in the world, offering a wide range of insurance products and services to clients worldwide.

Under the guidance of its Chairman and CEO, Joseph V. Taranto, Everest Re Group has continuously evolved and adapted to the ever-changing needs of the industry. In 1995, the company successfully completed its initial public offering, marking a significant milestone in its journey towards becoming a prominent international organization.

Everest Re Group's commitment to excellence is evident in its timeline of key events. In 2008, the company obtained approval from the Brazilian regulator, SUSEP, and opened a representative office in Rio de Janeiro, allowing it to efficiently serve the Brazilian market. This expansion into new territories showcases Everest Re Group's dedication to providing comprehensive coverage to clients across the globe.

Furthermore, Everest Re Group has made strategic acquisitions to enhance its capabilities and broaden its reach. In 2010, the company acquired Heartland Crop Insurance, Inc., a managing general agent specializing in underwriting crop insurance. This acquisition not only allowed Everest Re Group to diversify its direct insurance operations but also provided an opportunity for growth in shorter tail specialty lines.

In addition to its acquisitions, Everest Re Group has formed strategic partnerships to strengthen its position in the industry. In 2013, the company established Mt. Logan Re, Ltd., a special purpose reinsurer that provides collateralized capacity to the worldwide property catastrophe reinsurance market. This collaboration allows Everest Re Group to offer innovative solutions and expand its capacity to meet the evolving needs of its clients.

Everest Re Group's commitment to innovation is further demonstrated through its exclusive underwriting partnership with Arrowhead General Insurance Agency, Inc. In 2013, Everest Security Insurance Company (ESIC) entered into a definitive agreement with Arrowhead, resulting in the transfer of certain assets and employees. This collaboration not only streamlines operations but also creates growth opportunities for both parties, ensuring that clients receive the best possible service.

The company's dedication to excellence is reflected in its leadership team. In 2014, Dominic J. Addesso was named President and Chief Executive Officer, succeeding Joseph V. Taranto, who retired from his position but remained as Chairman of the Board. This seamless transition in leadership ensures continuity and stability, allowing Everest Re Group to continue its upward trajectory.

Working at Everest Re Group, Ltd. offers employees a unique and exciting opportunity to be part of a world-class organization. The company's global presence and diverse range of insurance and reinsurance products provide employees with a platform to develop their skills and expertise in a dynamic industry.

Everest Re Group's commitment to its employees is evident in its focus on professional development and growth. With a strong emphasis on innovation and collaboration, employees are encouraged to think outside the box and contribute to the company's success. The company's global footprint also provides employees with the opportunity to work with colleagues from different cultures and backgrounds, fostering a rich and diverse work environment.

Furthermore, Everest Re Group's strong financial position and reputation in the industry ensure stability and security for its employees. The company's continued growth and success offer employees the potential for long-term career advancement and opportunities for personal and professional growth.

In conclusion, Everest Re Group, Ltd. is a leading international insurance and reinsurance organization that offers employees an exciting and rewarding career. With a rich history, strategic acquisitions, and a commitment to innovation, the company provides employees with the platform to excel in a dynamic industry. The company's global presence, emphasis on professional development, and strong financial position make Everest Re Group an attractive choice for those seeking a challenging and fulfilling career in the insurance and reinsurance industry.