- Business
- Everest Group, Ltd., operating through its various subsidiaries, offers a broad spectrum of reinsurance and insurance solutions globally. The company conducts its business across two principal divisions: Reinsurance and Insurance. The Reinsurance segment delivers property and casualty reinsurance, alongside diverse specialty lines of business. This includes comprehensive coverage for treaty and facultative risks in areas such as marine, aviation, surety, professional liability, errors and omissions, directors' and officers' liability, medical malpractice, mortgage, catastrophe, credit and surety, motor, agriculture/crop, political violence, and accident and health. Distribution for these offerings is facilitated through reinsurance brokers and direct engagement with ceding companies in markets spanning the United States, Bermuda, Europe, Canada, Singapore, Brazil, and other international territories. Concurrently, the Insurance segment provides property and casualty insurance directly, as well as via brokers, surplus lines brokers, and general agents, reaching clients in the United States, Canada, and various European regions. The company also extends commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. Established in 1973 and headquartered in Hamilton, Bermuda, Everest Group, Ltd. (formerly Everest Re Group, Ltd. as of July 2023) serves a wide range of industries including agriculture, construction, energy, healthcare, education, and manufacturing, delivering risk management expertise to multinational corporations and mid-sized commercial enterprises. Its revenue model is built on premiums, strategic investment income, and fees for risk advisory services. The company maintains a global footprint across more than 100 countries and six continents, continually evolving its business model with a focus on underwriting discipline and a robust capital management strategy, notably strengthening its specialty insurance and reinsurance lines.