Welcome to our dedicated page for Everest Group, Ltd. news (Ticker: EG), a resource for investors and traders seeking the latest updates and insights on Everest Group, Ltd. stock.
Everest Group, Ltd. (EG) is a globally recognized leader in property and casualty reinsurance and insurance. The company's diverse portfolio includes innovative products and responsive services backed by unparalleled financial strength. Operating under Everest Reinsurance Company, the firm underwrites virtually all classes and categories of business in treaty, facultative, and specialty lines, engaging both brokers and ceding companies directly.
Everest Group's primary insurance offerings are available through its several subsidiaries, including Everest National Insurance Company, Everest Indemnity Insurance Company, and Everest Insurance Company of Canada. With a team of seasoned professionals stationed across various global offices, Everest is adept at providing tailored solutions that precisely meet the needs of its customers.
The company is engaged in providing insurance services across the U.S., Bermuda, and international markets. Its Reinsurance operation focuses on property and casualty reinsurance and specialty lines of business, leveraging both treaty and facultative bases via reinsurance brokers and direct engagements with ceding companies. Meanwhile, the Insurance operation extends its reach by writing property and casualty insurance directly and through brokers, surplus lines brokers, and general agents in diverse regions including the U.S., Bermuda, Canada, Europe, and South America.
Everest Group continues to mark significant achievements and undertake substantial projects that reinforce its standing in the industry. With a commitment to innovation and client satisfaction, Everest Group remains a pivotal entity in today's market, consistently adapting to changes and setting new benchmarks in insurance and reinsurance.
Everest Group (NYSE: EG) has appointed Jim Williamson as permanent President and Chief Executive Officer, effective immediately. Williamson, who was serving as Acting CEO, previously held positions as EVP, Group COO, and Head of the Reinsurance and Insurance Divisions since joining Everest in 2020.
With over two decades of industry experience, including senior roles at The Hartford, Chubb, and ACE, Williamson brings extensive expertise in property & casualty insurance, covering commercial, specialty, and consumer business lines both in the US and internationally. Chairman Joseph Taranto highlighted Williamson's consistent demonstration of sound judgment and value creation during his four-year tenure at Everest.
Everest, a component of the S&P 500 index, is a global underwriting leader with a 50-year track record in property, casualty, and specialty reinsurance and insurance solutions.
Everest Group (NYSE: EG) has announced an immediate leadership transition, with Jim Williamson, Executive Vice President and Group Chief Operating Officer, appointed as Acting CEO and joining the company's Board of Directors. This appointment follows the departure of Juan C. Andrade, who served as President and CEO since 2020 and is leaving to become CEO at another financial services firm.
Williamson, a 20-year insurance industry veteran, joined Everest in 2020 as Group COO and later expanded his role to head the Reinsurance Division in May 2021. Most recently, he was promoted to lead both the Reinsurance and Insurance businesses in March 2024. His extensive career includes senior positions at The Hartford, Chubb, and ACE, spanning commercial, specialty, and consumer lines of business both in the US and internationally.
Everest Group (NYSE: EG) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Tuesday, February 4, 2025, at 8:00 am Eastern Time. The company will release its financial results on February 3, 2025 after the NYSE market close. The earnings release and financial supplement will be available on the company's investor relations website. Investors can access the call through a live webcast or by registering via the provided link. Everest, a component of the S&P 500 index, is a global underwriting leader with a 50-year track record in property, casualty, and specialty reinsurance and insurance solutions.
Everest Group (NYSE: EG) has announced two significant shareholder-focused initiatives. The Board of Directors has approved a 10 million share increase in its share repurchase authorization and declared a dividend of $2.00 per common share. The dividend will be payable on or before December 13, 2024, to shareholders of record as of November 27, 2024. Everest is a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, with a 50-year track record of disciplined underwriting and capital management.
Everest Group (NYSE: EG) reported strong Q3 2024 results with net income of $509 million and net operating income of $630 million. The company achieved a 19.4% annualized Total Shareholder Return and combined ratios of 93.1% for the Group. Gross written premium reached $4.4 billion with 0.6% year-over-year growth. The company reported $279 million in pre-tax catastrophe losses and improved net investment income of $496 million. Strong operating cashflow reached $1.7 billion. The company demonstrated growth in property and specialty lines while strategically reducing exposure in certain casualty lines.
Ryan Specialty (NYSE: RYAN) has completed the acquisition of certain assets of EverSports & Entertainment Insurance from the Everest Group. EverSports, a managing general underwriter specializing in sports, leisure, and entertainment (SLE) risks, will join Ryan Specialty's existing SLE facility, Alive Risk.
Founded in 2013 and based in Carmel, Indiana, EverSports is a leader in the SLE insurance industry with broad diversification across various sub-classes. The acquisition aims to enhance both firms' product offerings and distribution access.
Miles Wuller, President and CEO of Ryan Specialty Underwriting Managers, expressed excitement about the cultural fit and the potential to further serve trading partners. David Nikolai, President of EverSports, highlighted the opportunity to enhance their product set and amplify growth as part of Ryan Specialty's managed underwriting platform.
Everest Group, (NYSE: EG) has announced its third quarter 2024 earnings conference call, scheduled for Thursday, October 31, 2024, at 8:00 am Eastern Time. The company will release its financial results on October 30, 2024, after the NYSE market close. Investors can access the call via a live webcast on Everest's website, where a replay will also be available. The earnings release and financial supplement will be published on the company's investor relations page.
Everest is a global underwriting leader with a 50-year track record, providing property, casualty, and specialty reinsurance and insurance solutions. The company is known for its disciplined underwriting, capital, and risk management. Everest's common stock (EG) is a component of the S&P 500 index.
Everest Group, (NYSE: EG), a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has published its Global Loss Triangles for the year ended December 31, 2023. These documents are now available on the company's investor relations website under the Financials/Annual Disclosures section. Everest, known for its 50-year track record of disciplined underwriting, capital and risk management, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. The company's common stock (NYSE: EG) is a component of the S&P 500 index.
Everest Group, (NYSE: EG), a global underwriting leader in property, casualty, and specialty reinsurance and insurance solutions, has announced a dividend of $2.00 per common share. The dividend will be payable on or before September 27, 2024 to shareholders of record as of September 16, 2024. Everest, a component of the S&P 500 index, is known for its 50-year track record of disciplined underwriting, capital and risk management. The company is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest Group, (NYSE: EG) has appointed Bill Hazelton as Executive Vice President of Everest Insurance® and President of North America Insurance. Hazelton, previously Head of US Retail Casualty and Industry Practices at Everest Insurance®, brings three decades of leadership experience from roles at major insurers like Chubb. He replaces Mike Mulray, who is departing the company.
Jim Williamson, Everest Group COO, praised Hazelton's proven track record and ability to elevate Everest's market presence. CEO Juan C. Andrade welcomed Hazelton to the senior leadership team while thanking Mulray for his nine-year tenure. This leadership change aims to accelerate Everest's strategy across North America and enhance service delivery to the market.
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