Everest Re Group Ltd. is a global reinsurance and insurance company based in Hamilton, Bermuda. The company was founded in 1973 and has grown to become one of the leading players in the reinsurance industry. Everest Re provides a range of insurance and reinsurance products to clients worldwide, covering property, casualty, specialty, and other lines of business. Everest Re Group Ltd. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "RE."
Everest Re operates through several subsidiaries, each focused on different segments of the insurance and reinsurance markets. The company's reinsurance arm, Everest Reinsurance, provides risk transfer solutions to insurance companies, helping them manage their exposure to large and complex risks. On the other hand, Everest Insurance offers primary insurance coverage to businesses and individuals in specific markets.
The company's client base includes insurance companies, corporations, government entities, and other entities seeking risk management solutions. Everest Re's global reach enables it to serve clients across different regions and lines of business, offering comprehensive and customized risk solutions tailored to specific needs.
Everest Re's financial strength and stability are crucial aspects of its business, as they are essential for its role in managing catastrophic risks. The company maintains a robust balance sheet and credit rating, assuring its clients of its ability to honor insurance and reinsurance contracts in times of major events or disasters.
In addition to its core insurance and reinsurance operations, Everest Re is actively involved in risk management and catastrophe modeling. These efforts help the company assess potential risks and exposures, enabling it to make informed decisions about underwriting and pricing.