Everest Insurance™ Expands Excess Offering with new Peak Protect™ Policy Form

Everest Insurance™ announces the expansion of their Umbrella and Excess Casualty offering with their new Peak Protect™ policy form. Peak Protect™ is an enhanced commercial umbrella policy form with many unique features. An exciting addition to this new cutting edge form is the inclusion of Crisis Event Protection coverage, with an optional reinstated crisis limit in the event of a crisis.

New York, NY (July 21, 2016) – Everest Insurance™ announces the expansion of their Umbrella and Excess Casualty offering with their new Peak Protect™ policy form. Peak Protect™ is an enhanced commercial umbrella policy form with many unique features. An exciting addition to this new cutting edge form is the inclusion of Crisis Event Protection coverage, with an optional reinstated crisis limit in the event of a crisis. 

Donna K. Pruett, Head of Umbrella and Excess Casualty at Everest Insurance™ commented, “We are excited to officially launch this new form and are thankful for the timely and thoughtful input given to us in the form review process by our broker trading partners. We believe this form will be a competitive advantage for Everest as the Crisis Event Protection, with reinstatement of the crisis event limit, is an innovative solution that supports our clients immediately in their time of greatest need - during a crisis."

The Everest offering includes capacity up to $25 million, with larger limits available for select clients and worldwide coverage available. Everest also offers the same form in an A/B version as well as several industry-specific Peak Protect enhancements addressing the unique needs of the hospitality, grocers, real estate, restaurants, and retail industries.

Connie Germano, Head of Specialty Casualty at Everest Insurance™ added, “Our goal is to be the carrier of choice for our trading partners and insureds. To achieve that, we are always looking for innovative solutions. Donna and her team have invested a lot of time and energy focusing on, and listening to, the needs of our brokers and insureds in the marketplace and we are pleased to offer the new Peak Protect™ policy with crisis event protection as a response to the market’s needs.”

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