Everest Insurance™ Launches Multinational Insurance Group

Everest Insurance™ is pleased to announce the launch of their Multinational Insurance Group providing Property, Casualty, Business Travel Accident and Kidnap Ransom/Extortion insurance products and services.

New York, NY (August 2, 2016) – Everest Insurance™ is pleased to announce the launch of their Multinational Insurance Group providing Property, Casualty, Business Travel Accident and Kidnap Ransom/Extortion insurance products and services. These products and services have been constructed with the purpose of covering insured’s operations transpiring outside of the U.S., and will be delivered either by a global extension or controlled master programs, via Everest’s robust brokerage network. 

Doug Guenther, who joined Everest from ACE last July, has been tapped as the Head of Multinational at Everest Insurance™. Commenting on the Multinational Insurance Group launch Doug stated, “We are delighted to have these additional capabilities to bring to our clients. The Everest Insurance™ Multinational global coverage extension can be attached to an Everest casualty domestic (U.S.) policy, with one point of contact for underwriting, while providing coordinated worldwide coverage for general liability exposures related to products and premises. We’re also very excited to be able to offer clients a controlled master program package policy option with locally admitted policies in over 160 countries.”

Dave Sandler, Head of Everest Risk Management, added, “We are thrilled to be able to provide a broad and comprehensive global insurance offering to our clients, and pleased that Doug will be leading this effort at Everest. Doug’s a well-known figure in this space, and under his leadership, our team of experienced and thoughtful underwriters will bring the significant strength and resources of Everest to the market to serve customers in need of multinational insurance capacity.”

Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), Limited provides reinsurance to non-life insurers in Europe. Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U.S. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.S. Everest Insurance Company of Canada provides property and casualty insurance to policyholders in Canada. The Company also operates within the Lloyd's insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors, that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestregroup.com