Everest Reinsurance Company

What Everest Reinsurance Company does

Everest Reinsurance Company (Everest Group, Ltd., NYSE: EG) is a Bermuda-domiciled global property and casualty reinsurance and insurance company founded in 1976, headquartered in Hamilton, Bermuda, with primary U.S. operations in Warren, New Jersey. The company operates across more than 115 countries on six continents, serving primary insurers, cedants, wholesale brokers, MGAs, and program administrators with treaty and facultative reinsurance coverage spanning property, casualty, specialty lines (surety and credit, accident and health, marine and aviation), structured solutions, and direct wholesale specialty insurance products. Everest also operates the Mt. Logan Capital Management platform (BMA-licensed) and the Annapurna Re sidecar to deploy third-party institutional capital alongside its own balance sheet, with $2.5+ billion and ~$600 million in third-party capital respectively, and uses catastrophe bonds ($1.83 billion in-force including the Kilimanjaro III Re 2026 series) for collateralized retrocession.

Revenue is generated through three primary streams: reinsurance premiums and direct insurance premiums (recurring subscription-style revenue), record net investment income ($2.1 billion in full-year 2025), and third-party capital management fees and dividends (e.g., $35 million Mt. Logan Re dividend in 2025). Everest reported full-year 2025 gross written premium of $17.7 billion (down 3.1% YoY), Q1 2026 revenue of $4.1 billion, full-year 2025 net income of $1.6 billion, and a Q1 2026 combined ratio of 91.2% with operating ROE of 16.7%. The company is executing a major portfolio reshape, divesting retail insurance operations (Global Retail Commercial Insurance renewal rights to AIG for ~$2 billion GWP, Canadian retail to Wawanesa for CAD 410 million, Colombia to AIG) while reorganizing into Reinsurance Treaty, Global Wholesale & Specialty, and Legacy segments and expanding international insurance operations across Australia, Mexico, Italy, and Continental Europe. AI is deployed in specific products (Innovator A&H product with DocDoc) and catastrophe modeling research (CERCat consortium), but is not yet a core underwriting platform differentiator.

Name

Everest Reinsurance Company

Legal name

Everest Group, Ltd.

Website

https://everestglobal.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Everest Reinsurance Company (NYSE: EG) is a Bermuda-based global property and casualty reinsurance and insurance group serving primary insurers, cedants, wholesale brokers, and institutional capital partners across 115+ countries through treaty, facultative, specialty reinsurance, and third-party capital management platforms.

Ownership category

akta.pro rank

Product category

Reinsurance

NAICS

Trusts, Estates, and Agency Accounts (52592), Direct Life, Health, and Medical Insurance Carriers (52411)

akta.pro primary industry

Catastrophe Treaty Reinsurance (FSAOAEAE)

akta.pro secondary industry

Man-Made / Terrorism Catastrophe Reinsurance (FSAOACAE)

Keywords

• Property catastrophe reinsurance
• Casualty treaty reinsurance
• Specialty insurance wholesale
• Third-party capital management
• Insurance underwriting services

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Infrastructure, Marketing or Sales

Revenue model

1. Reinsurance Premiums: Everest generates the majority of revenue through reinsurance premiums, providing treaty and facultative reinsurance across property, casualty, and specialty lines to primary insurers globally. Premiums are written on a proportional and non-proportional basis.
2. Insurance Premiums: Direct insurance premiums from wholesale specialty, accident and health, and casualty insurance products written through Everest Insurance subsidiaries across North America, Europe, Latin America, and Asia Pacific.
3. Net Investment Income: Investment returns on the company's investment portfolio, which reached a record $2.1 billion in 2025. Everest maintains a large asset base invested in fixed-income and alternative investments, generating substantial recurring investment income.
4. Third-Party Capital Management Fees: Fees and dividends from third-party capital vehicles including Mt. Logan Re and Annapurna Re sidecars. Everest received a $35 million dividend from Mt. Logan Re in 2025 and earns investment income on third-party capital under management.
5. Catastrophe Bond Income: Income derived from catastrophe bond structures used for collateralized retrocession protection. Everest has $1.83 billion of catastrophe bond protection in-force as of mid-2026.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Everest is a global property, casualty, and specialty reinsurance and insurance provider selling treaty and facultative reinsurance coverage, wholesale specialty insurance, and structured risk solutions to primary insurers, brokers, MGAs, and corporate buyers across more than 115 countries. The company also runs a third-party capital management platform (Mt. Logan Capital Management) and deploys alternative capital through catastrophe bonds and reinsurance sidecars.

Product overview

Everest is a global underwriting leader providing property, casualty, and specialty reinsurance and insurance solutions. The company operates through two main divisions: 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) and Insurance (offering Accident and Health, Specialty Lines, Programs, and Services). Supporting its core underwriting, Everest operates Mt. Logan Capital Management as its third-party capital platform, and has launched specialized products including BufferFlex for structured excess liability solutions, Innovator AI-driven health insurance, and Annapurna Re casualty sidecar. The company also utilizes catastrophe bonds like Kilimanjaro III Re for retrocession protection.

Differentiator

Problem solved

Functional benefit

Brands

• BufferFlex®: Innovative excess liability solution enabling companies to share risk and pay premiums comparable with actual loss experience.
• Innovator

Products and services

• Treaty Property Reinsurance
• Treaty Casualty Reinsurance
• Facultative Property Reinsurance
• Facultative Casualty Reinsurance
• Structured Solutions Reinsurance
• Surety and Credit Reinsurance
• Accident and Health Reinsurance
• Marine and Aviation Reinsurance
• Property Hybrid Solutions Reinsurance
• Insurance Products
• BufferFlex
• Innovator AI-Driven International Private Medical Insurance
• Mt. Logan Capital Management
• Annapurna Re Ltd. Casualty Reinsurance Sidecar
• Kilimanjaro III Re Catastrophe Bond Series

Quantifiable outcome

• Q1 2026 combined ratio of 91.2%, strengthened by 11.6 points year-over-year
• +5 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• American International Group (AIG)coreChannel Partner/ Reseller/ Distributor · 19 May 2026AIG is acquiring Everest's Colombia insurance operations and previously acquired Everest's global Commercial Retail Insurance renewal rights (approximately $2 billion in gross written premiums). The transaction supports Everest's strategic repositioning toward core reinsurance and wholesale specialty businesses.
• The Wawanesa Mutual Insurance CompanycoreChannel Partner/ Reseller/ Distributor · 23 March 2026Wawanesa Mutual is acquiring Everest Insurance Company of Canada for CAD 410 million (approximately $305 million in annual premiums), expected to close in late 2026. The transaction includes a loss portfolio transfer reinsurance agreement with Everest Reinsurance Company's Canadian branch.
• DocDoccoreTechnology or Integration · 6 November 2024Everest Insurance International partnered with DocDoc to launch Innovator, an AI-driven international private medical insurance product in Singapore. DocDoc provides AI technology that matches patients with relevant physicians based on their unique medical needs, enhancing precision care and reducing administrative costs for organizations.
• AXA Life and Health Reinsurance SolutionscoreStrategic or Co-development Partner · 6 November 2024AXA Life and Health Reinsurance Solutions co-developed the Innovator AI-driven international private medical insurance product with Everest Insurance International and DocDoc. The product was first launched in Singapore to redefine standards for employee health coverage.
• CERCat (Consortium for Enhancing Resilience and Catastrophe Modeling)minorStrategic or Co-development PartnerEverest Reinsurance participates in the CERCat research consortium alongside Lehigh University, Rice University, Arch Insurance, Chubb, and Moody's. The consortium advances AI-driven damage assessment and hazard modeling for natural disasters, including post-disaster analysis using remote sensing and climate-informed hurricane prediction models.

Scale indicators13 records

Recent moves14 records

Expansion highlights8 records

Direct peers

• Swiss Re: Another top-three global reinsurer offering treaty and facultative reinsurance across property, casualty, and specialty lines, plus primary insurance via Corso. Comparable to Everest on product breadth, global geographic reach, and large-scale catastrophe risk appetite; both compete for cedant relationships worldwide.
• Arch Capital Group: Bermuda-domiciled insurer and reinsurer offering property, casualty, mortgage, and specialty coverage. Directly comparable to Everest's Bermuda platform, diversified P&C and specialty book, and hybrid insurance/reinsurance model.
• PartnerRe: Global multi-line reinsurer (now owned by Covéa) offering property, casualty, specialty, and life/health reinsurance. Directly comparable to Everest on diversified treaty and facultative reinsurance across major global markets.
• AXIS Capital Holdings: Bermuda-based global specialty insurer and reinsurer offering property, casualty, professional lines, marine, aviation, and A&H. Comparable to Everest on product mix, Bermuda domicile, and specialty/wholesale distribution orientation.
• Hannover Re: One of the world's largest reinsurers, offering treaty and facultative reinsurance across property, casualty, and specialty lines globally. Comparable to Everest on reinsurance product breadth, global footprint, and disciplined underwriting approach.
• Munich Re: The world's largest reinsurer, Munich Re operates global property, casualty, and specialty reinsurance alongside primary insurance (ERGO). Directly comparable to Everest on treaty property, treaty casualty, facultative, and specialty lines, with similar Bermuda/cross-border capital efficiency and global footprint.
• RenaissanceRe: Bermuda-based specialist reinsurer focused on property catastrophe and specialty lines, with significant third-party capital management via RenaissanceRe Medici and Upsilon fund. Directly comparable to Everest's Bermuda domicile, catastrophe bond and sidecar capabilities, and Mt. Logan Capital Management platform.
• Transatlantic Reinsurance (TransRe): A major US-based reinsurer (owned by Alleghany) providing treaty and facultative reinsurance across property, casualty, and specialty lines. Comparable to Everest on US-anchored treaty reinsurance platform and similar product mix.

Broad incumbents

• Chubb: The world's largest publicly traded P&C insurer with extensive global commercial and consumer operations. Compares to Everest as a broader incumbent — Everest previously had similar retail commercial operations before divesting to AIG, and Chubb is a major cedant (and historical talent source) for Everest's reinsurance division.
• AIG: Global insurance conglomerate that recently acquired Everest's Global Retail Commercial Insurance renewal rights and Colombia operations. AIG is also a major cedant and reinsurance buyer (via AIG's internal reinsurance operations), making it both a counterparty and a broad incumbent comparator for Everest's specialty insurance platform.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/everest-group
• Xx.com/everestins

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries5 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 Reinsurance Company