Everest

What Everest does

Everest Group, Ltd. is a Bermuda-domiciled global reinsurance and insurance organization founded in 1975 and publicly traded on the NYSE under ticker EG. The company operates through two core underwriting segments: Insurance (accident and health, specialty lines, programs, and claims services for corporate and upper-middle-market clients) and Reinsurance (treaty property, treaty casualty, facultative property, facultative casualty, structured solutions, surety and credit, accident and health, marine and aviation, and property hybrid solutions). It also manages third-party reinsurance capital through its Mt. Logan Capital Management platform and the recently launched Annapurna Re casualty sidecar with Stone Point Insurance Solutions (~$600M of third-party capital over three years). Everest serves customers in 115+ countries across six continents, distributing through global insurance brokers, reinsurance intermediaries, and dedicated wholesale & specialty field teams.

The company generates revenue through three streams: reinsurance premiums (treaty and facultative across property, casualty, specialty, accident and health, marine and aviation, structured solutions), direct insurance premiums (wholesale and specialty lines, accident and health, programs), and third-party capital management fees. Pricing is risk-based and not publicly disclosed; products are quoted per placement. Everest is currently executing a strategic restructuring to exit retail insurance operations and concentrate on Global Reinsurance and Wholesale & Specialty Insurance, including the $2B sale of commercial retail renewal rights to AIG (October 2025), the sale of Canadian retail to Wawanesa (announced March 2026), and the sale of its Colombian subsidiary to AIG (announced May 2026). Underwriting performance has improved sharply, with a Q1 2026 combined ratio of 91.2% (down 11.6 points YoY) and net income of $653M (up 210% YoY), alongside an annualized operating ROE of 16.7% and active capital return ($331M Q1 2026 buybacks).

Name

Everest

Legal name

Everest Group, Ltd.

Website

https://everestre.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Everest Group, Ltd. is a Bermuda-based global reinsurer and specialty insurer offering treaty and facultative reinsurance, wholesale insurance, and third-party capital management (Mt. Logan, Annapurna Re) to corporate, upper-middle-market, and cedant clients across 115+ countries.

Ownership category

akta.pro rank

Product category

Global Reinsurance and Specialty Insurance

NAICS

Reinsurance Carriers (524130), Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)

akta.pro primary industry

Casualty Treaty Reinsurance (FSAOAEAD)

akta.pro secondary industries

Credit & Surety Treaty Reinsurance (FSAOAEAI), Health & Accident Treaty Reinsurance (FSAOAEAB)

Keywords

• Global reinsurance underwriting
• Property and casualty insurance
• Specialty insurance solutions
• Treaty and facultative reinsurance
• Third-party capital management

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Reinsurance Premiums: Everest generates primary revenue through reinsurance premiums across treaty and facultative lines, including property, casualty, specialty, accident and health, marine and aviation, and structured solutions.
2. Insurance Premiums: Direct insurance premiums from wholesale and specialty lines, accident and health, programs, and specialty lines including financial lines, professional liability, and other commercial coverage.
3. Third-Party Capital Management: Fee income from managing third-party capital through platforms like Mt. Logan Capital Management and Annapurna Re sidecar, deploying third-party investor capital in reinsurance underwriting.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Everest Group, Ltd. is a global reinsurance and insurance underwriter providing treaty and facultative reinsurance along with wholesale and specialty insurance across property, casualty, accident and health, marine and aviation, surety and credit, and structured solutions markets in more than 115 countries. The company also manages third-party reinsurance capital through the Mt. Logan Capital Management platform and the Annapurna Re casualty sidecar, expanding underwriting capacity beyond its own balance sheet. Direct claims handling, programs business, and specialty lines for corporate and upper-middle-market insureds round out the core offering.

Product overview

Everest is a global underwriting leader providing property, casualty, and specialty reinsurance and insurance solutions. The company operates through two core segments: Insurance (offering Accident and Health, Specialty Lines, Programs, and Claims services) and Reinsurance (offering Treaty Property, Treaty Casualty, Facultative Property, Facultative Casualty, Structured Solutions, Surety and Credit, Accident and Health, Marine and Aviation, and Property Hybrid Solutions). Everest also manages third-party capital through its Mt. Logan Capital Management platform. The company serves customers in more than 115 countries across 6 continents, with operations in North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Differentiator

Problem solved

Functional benefit

Brands

• Mt. Logan: Third-party capital platform for reinsurance sidecar investments and capital management
• Annapurna Re

Products and services

• Insurance Everest's Insurance segment provides property, casualty, and specialty insurance solutions across global markets, including Accident and Health, Specialty Lines, Programs, and Claims services, for corporate and upper-middle-market buyers.
• Reinsurance Everest's Reinsurance segment offers treaty and facultative property, casualty, structured, surety and credit, accident and health, marine and aviation, and property hybrid reinsurance solutions, distributed to ceding insurers and reinsurers globally.
• Treaty Property Reinsurance Treaty property reinsurance providing coverage for ceding companies' property-related risks under proportional or non-proportional treaty arrangements.
• Treaty Casualty Reinsurance Treaty casualty reinsurance providing coverage for ceding companies' liability and casualty risks under treaty arrangements.
• Facultative Property Reinsurance Facultative property reinsurance providing coverage for individual property risks on a per-risk, negotiated basis.
• Facultative Casualty Reinsurance Facultative casualty reinsurance providing coverage for individual casualty risks on a per-risk, negotiated basis.
• Structured Solutions Customized reinsurance structures designed to address complex risk transfer needs of ceding companies, including multi-year and capital-relief arrangements.
• Surety and Credit Reinsurance Reinsurance coverage for surety bonds and credit-related risks ceded from primary sureties and credit insurers.
• Accident and Health Reinsurance Accident and health reinsurance providing coverage for personal accident, health, and employee benefit risks ceded by primary insurers.
• Marine and Aviation Reinsurance Reinsurance coverage for marine and aviation transportation risks ceded by primary insurers worldwide.
• Property Hybrid Solutions Combined property reinsurance solutions that blend multiple coverage approaches, such as quota share, stop loss, and aggregate covers.
• Mt. Logan Capital Management Third-party reinsurance capital management platform that enables external institutional investors to fund participations in Everest's reinsurance underwriting and earn fee-based returns.
• Specialty Lines Insurance Specialty insurance products covering complex and niche risks across various industries for corporate and upper-middle-market clients.
• Programs Insurance Program insurance products providing coordinated, multi-line coverage for specific business segments or market niches delivered through delegated partnerships.
• Claims Services Claims handling and support services for insurance and reinsurance policyholders, focused on reducing cost of risk while processing claims efficiently.

Quantifiable outcome

• Combined ratio improved to 91.2% in Q1 2026
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• American International Group (AIG)coreStrategic or Co-development Partner · 20 May 2026Everest agreed to sell its Colombian subsidiary Everest Compañía de Seguros Generales Colombia S.A. to AIG as part of strategic pivot away from retail insurance to focus on reinsurance and specialty lines. Follows October 2025 sale of global renewal rights for commercial retail portfolio to AIG.

Scale indicators8 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Arch Capital Group: Bermuda-domiciled insurer and reinsurer with specialty lines, casualty, and reinsurance segments. Comparable to Everest on Bermuda domicile, specialty/wholesale insurance mix, and global treaty reinsurance presence.
• RenaissanceRe: Bermuda-based specialty reinsurer with strong property cat and casualty franchise plus third-party capital management (DaVinci, Upsilon). Highly comparable to Everest on specialty reinsurance focus and sidecar-style capital partnerships.
• Swiss Re: Global reinsurer offering treaty P&C, specialty, structured solutions, and L&H reinsurance with a similar multi-line franchise. Comparable to Everest on product breadth, third-party capital vehicles, and diversified geographic presence.
• Munich Re: World's largest reinsurer offering treaty property, casualty, specialty, structured solutions, and third-party capital management across global markets. Closest direct comparable to Everest on breadth of reinsurance product line and geographic footprint.
• PartnerRe: Multi-line global reinsurer offering property, casualty, specialty, and structured solutions. Direct peer to Everest on treaty and facultative reinsurance breadth and broker-driven distribution.
• Hannover Re: Third-largest global reinsurer with treaty property/casualty, facultative, and specialty lines. Direct comparable to Everest on core treaty and facultative reinsurance offerings and underwriting discipline.
• Scor SE: French global reinsurer offering life & health and P&C treaty and facultative reinsurance. Comparable to Everest on reinsurance product breadth and multi-geographic distribution.

Broad incumbents

• Chubb: Global P&C insurer with extensive specialty and wholesale operations and a long history of underwriting talent feeding into Everest's leadership pipeline (Peter Chalkias spent 13 years at Chubb). Broad incumbent comparable to Everest on specialty insurance distribution and global footprint.
• Berkshire Hathaway Reinsurance Group: Reinsurance arm of Berkshire Hathaway writing property, casualty, and life reinsurance at massive scale. Broad incumbent comparable to Everest on reinsurance product breadth, though with vastly greater capital base and longer-tail liabilities.

Emerging players

• Markel Group: Specialty insurer with growing reinsurance and insurance-linked securities capabilities. Comparable to Everest on specialty insurance focus and entrepreneurial underwriting culture, though smaller in pure reinsurance scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Everest_Re

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Everest