# Everest

> Everest Group, Ltd. is a publicly traded insurance and reinsurance company that takes on property, casualty and specialty risks for insurers and businesses. After costly U.S. casualty reserve revisions, it is exiting commercial retail insurance and concentrating on treaty reinsurance and Global Wholesale & Specialty.

- **Founded:** 1973
- **Headquarters:** Hamilton, Bermuda
- **Founders:** Joseph V. Taranto (Founder of the independent Everest franchise and former chairman; the operating predecessor was established under Prudential in 1973)
- **Products:** Treaty reinsurance, Facultative and hybrid solutions, Everest Evolution, Global Wholesale & Specialty, Mt. Logan
- **Notable:** Operating roots date to 1973; Prudential divested its holding through a 1995 IPO., NYSE-listed under EG and a constituent of the S&P 500., Reported US$1.591 billion net income and US$2.124 billion net investment income in 2025.

## Products & services

- **Treaty reinsurance** — Portfolio-level property, casualty and specialty risk transfer for insurance companies, distributed directly and through reinsurance brokers.
- **Facultative and hybrid solutions** — Individual-risk and hybrid reinsurance solutions, aligned within Global Wholesale & Specialty in the 2026 structure.
- **Everest Evolution** — U.S. wholesale-exclusive excess and surplus insurance covering primary and excess casualty, construction, property, environmental and energy risks.
- **Global Wholesale & Specialty** — Wholesale, specialty, programs, accident and health, London-market and facultative underwriting under a unified operating structure.
- **Mt. Logan** — Third-party capital platform connecting investors with reinsurance risk.
- **Annapurna Re** — Casualty reinsurance sidecar launched with Stone Point, expected to deploy approximately $600 million of third-party capital over a three-year underwriting period.

## Achievements

- Operating roots date to 1973; Prudential divested its holding through a 1995 IPO.
- NYSE-listed under EG and a constituent of the S&P 500.
- Reported US$1.591 billion net income and US$2.124 billion net investment income in 2025.
- Paid approximately US$7.8 billion in claims in 2025.
- Q2 2026 core segments reported a 90.0% combined ratio.

## Latest updates

- **2026-10** — Completed sale of Canadian retail insurance operations to Wawanesa on October 1.
- **2026-09** — Announced Nandini Mani as SVP, Group Chief Claims Officer.
- **2026-08** — Agreed sale of Mexico insurance operation to Fairfax, expected to close in 2027.
- **2026-07** — Reported Q2 net income of US$559 million and a 92.0% group combined ratio; core segments reported 90.0%.
- **2026-06** — Launched Annapurna Re with Stone Point; expected third-party capital of approximately US$600 million.
- **2026-05** — Agreed sale of Colombia insurance operations to AIG, expected to close in early 2027.

## Links

- Website: https://www.everestglobal.com
- LinkedIn: https://www.linkedin.com/company/everestglobal
- Twitter/X: https://x.com/EverestIns

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Profile page: https://yespress.io/everest
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Last updated: 2026-10-22