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 around the world.
History
In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial.[3]
In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance.[4] On October 6, 1995, Prudential Reinsurance completed an IPO.[5] The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest.[6] In 2017, Everest Re became a S&P 500 component.[7]
External links
References
- Report on examination of Everest Reinsurance Company as of December 31, 2020 Delaware Department of Insurance, 23 June 2022, retrieved 12 September 2024^
- 2022 Annual Report (Form 10-K) U.S. Securities and Exchange Commission, 2023-02-24^
- History of The Prudential Insurance Company of America – FundingUniverse www.fundinguniverse.com, retrieved 2017-12-09^
- Peter Kerr. COMPANY NEWS; Prudential May Sell Its Reinsurance Unit The New York Times, 1993-03-12, retrieved 2017-12-09^
- Everest Re Group company profile - Office locations, jobs, key people, competitors, financial metrics, news, company life - Company Profile on craft.co craft.co, retrieved 2017-12-09^
- Everest Reinsurance Company: Private Company Information - Bloomberg www.bloomberg.com, retrieved 2017-12-09^
- Stock Market News For Sep 12, 2017 Yahoo Finance News, September 12, 2017^