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Company advances international insurance expansion strategy with underwriting excellence and customized risk solutions in Sydney and Melbourne
HAMILTON, Bermuda – May 14, 2024 – Everest today announced it has officially launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia® with offices established in Sydney and Melbourne.
Christian Colombera, Managing Director, Australia and Head of the Pacific Region will lead the business alongside a team of best-in-class regional underwriters to serve the growing needs of corporations across the Australian market.
“As we continue enhancing our global presence, we bring Everest’s customer-first model and decades of underwriting discipline and financial strength to address the unique and growing needs of the Australian market,” said Mr. Colombera. “We have assembled a deeply experienced team with a keen understanding of local market dynamics and the challenges facing businesses demanding the capacity and expertise across a wide range of insurance needs that Everest will deliver.”
Everest’s breadth of bespoke insurance products will help fill a crucial void for tailored risk solutions in the property, casualty, financial lines, professional lines, and energy and construction sectors with the speed and agility required in the current insurance landscape.
Commenting on the announcement, Scott Leney, Head of Asia Pacific, Everest Insurance International® said, “Australia is a top-ten global insurance market ripe for Everest’s agile and entrepreneurial approach to risk. Australian clients and brokers need Everest’s financial support, top industry talent and broad suite of specialty products and capabilities.”
“Our disciplined expansion strategy positions Everest as a preferred market leader, bringing the full strength of Everest resources to key regions like Australia and globally,” said Jason Keen, co-lead of Everest Insurance International®.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.