Everest Re Group, Ltd., headquartered in Bermuda, is a leading international reinsurance and insurance group. Everest is traded on the New York Stock Exchange (NYSE: RE). Through its extensive distribution network anchored by Everest Reinsurance Company in the United States and Everest Reinsurance (Bermuda) Ltd in Bermuda, and with operating subsidiaries and branch networks based in Bermuda, Canada, Singapore, Belgium, United Kingdom and the United States, Everest provides a full range of property and casualty reinsurance and insurance to its clients throughout the world. During 2007, the Company had gross written premiums of $4.1 billion.
Everest's fundamental goal is to achieve an attractive return for its shareholders through leadership positions in target reinsurance and insurance markets which emphasize underwriting discipline and effective management of underwriting cycles. The Company's principal strategies seek to leverage its 1) financial strength and capacity; 2) global franchise; 3) stable and experienced management team; 4) diversified product and distribution capabilities; 5) disciplined risk management approach; and 6) efficient and low-cost operating structure.
With shareholders equity of $5.7 billion at year end 2007, Everest Re Group's operating subsidiaries maintain a financial strength rating of "A+" (Superior) from A.M. Best and/or "AA-" (Very Strong) from Standard & Poor's.
