HAMILTON, Bermuda – November 17, 2015 -- Everest Re Group, Ltd. (NYSE: RE) announces strategic alliance between its U.S. primary specialty insurer, Everest National Insurance Company, and Associated Electric & Gas Insurance Services (AEGIS). This new partnership will provide primary admitted coverages to AEGIS members, and non-member energy companies, in the utility and related energy industry, including those involved with exploration & production.
Utilizing its integrated and comprehensive infrastructure and in-depth capabilities, Everest National will provide a full admitted product set to these clients. This will include offerings for primary and excess workers’ compensation coverage, general liability, and automobile coverage, written on either a guaranteed cost or loss sensitive basis, subject to underwriting guidelines. The new AEGIS-Everest alliance is effective for business incepting January 1, 2016.
Jonathan Zaffino, President of Everest National Insurance Company, commented, “We are proud to partner with AEGIS to offer leading products and services to their member and non-member clients. We are excited to begin this new venture and support its success with our vast reach of admitted product capability and risk transfer solutions, leading claims services and the strength of our balance sheet. We look forward to a long-term and beneficial relationship with AEGIS and their member and non-member clients alike.”
Everest National Insurance Company is part of Everest Re Group, a world leader in property and casualty reinsurance and insurance, with an A.M. Best rating of A+ (Superior) with a stable outlook.
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. Mt. Logan Re, a segregated cell company, capitalized by the Company and third party investors, is a specialty reinsurer of catastrophe risks. 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. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestregroup.com.