Everest Insurance

What Everest Insurance does

Everest Group, Ltd. is a Bermuda-domiciled, NYSE-listed (ticker: EG) and S&P 500-incorporated global insurance and reinsurance company founded in 1973, providing property, casualty, and specialty risk transfer solutions to clients across 115+ countries and six continents. The company operates two core divisions: an Insurance division offering accident and health, specialty lines, programs, and wholesale brokerage services across North America and international markets; and a Reinsurance division providing treaty and facultative reinsurance across property, casualty, structured solutions, surety and credit, accident and health, marine and aviation, and property hybrid solutions. A Global Specialties business unifies Aviation, Marine, Cyber, Engineering, and Parametric Solutions under dedicated leadership, with parametric structures aimed at climate-driven (wind, quake, flood) and renewable energy risks.

The company's revenue mechanics are anchored in subscription-recurring reinsurance and insurance premiums, supplemented by managed services fees from third-party capital. Everest operates Mt. Logan Capital Management, Ltd., a third-party capital platform that managed $1.8 billion in institutional capital as of January 1, 2025 (a company record), enabling capital-light growth through sidecars such as Annapurna Re Ltd with Stone Point Capital as anchor investor. Distribution combines direct regional field sales (North America regionalized into Northeast, South, Central, West; plus Europe, Asia Pacific, Latin America, and MEA), a dedicated Global Broker Management Team led by a Chief Global Broking Officer, and wholesale broker and program administrator channels.

The business model centers on disciplined underwriting, capital strength, and multi-year partnership relationships rather than standardized pricing. In 2024, Everest executed a coordinated four-market international expansion (Australia, Mexico, Italy, Colombia) and launched the Everest Evolution wholesale brand. Leadership transitioned in January 2025 with Jim Williamson's appointment as permanent CEO. In 2026, the company announced divestitures of its Canadian retail operations to Wawanesa and Colombian operations to AIG, signaling portfolio rationalization alongside continued offensive expansion.

Name

Everest Insurance

Legal name

Everest Group, Ltd.

Website

https://everestre.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Everest Group, Ltd. is a Bermuda-domiciled, S&P 500-listed global insurance and reinsurance company founded in 1973, providing property, casualty, and specialty risk transfer solutions across 115+ countries through Insurance and Reinsurance divisions, plus Mt. Logan Capital Management for third-party capital.

Ownership category

akta.pro rank

Headquarters

HQ city

Hampton

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Reinsurance Premiums: Everest generates primary revenue through reinsurance treaties (property, casualty) and facultative placements across global markets. The company provides treaty property, treaty casualty, facultative property, facultative casualty, structured solutions, surety and credit, accident and health, marine and aviation, and property hybrid solutions.
2. Insurance Premiums: Direct insurance premiums across accident and health, specialty lines, programs, and services for commercial clients. Products include property, casualty, financial lines, professional lines, energy, construction, cyber, marine and aviation coverages.
3. Third-Party Capital Management Fees: Mt. Logan Capital Management manages third-party capital totaling $1.8 billion as of January 1, 2025, offering institutional investors access to Everest-originated reinsurance portfolios through ILS structures.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Everest provides global property, casualty, and specialty reinsurance and insurance solutions to primary insurance companies, cedants, brokers, and commercial clients. The company underwrites treaty and facultative reinsurance (property, casualty, structured, surety/credit, accident/health, marine/aviation, property hybrid), direct insurance (accident/health, specialty lines, programs), Global Specialties (Aviation, Marine, Cyber, Engineering, Parametric), and operates Mt. Logan Capital Management for third-party capital investors. Distribution spans 115+ countries through direct field sales, wholesale brokers, and global reinsurance broker networks.

Product overview

Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions. The company operates through two core divisions: Insurance and Reinsurance. The Insurance division offers Accident and Health, Specialty Lines (including cyber, professional lines, construction), Programs for wholesale and MGU partners, and Claims Services. The Reinsurance division provides Treaty Property, Treaty Casualty, Facultative Property, Facultative Casualty, Structured Solutions, Surety and Credit, Accident and Health, Marine and Aviation, and Property Hybrid Solutions products. Additionally, the Global Specialties business unit combines Aviation, Marine, Cyber, Engineering, and Parametric Solutions. Everest also operates Mt. Logan Capital Management, its third-party capital platform, and has launched the Everest Evolution sub-brand for U.S. wholesale customers.

Differentiator

Problem solved

Functional benefit

Brands

• Everest Insurance International®: International insurance operations providing property, casualty, financial lines, energy and construction, accident and health, cyber, marine and aviation coverage across Europe, Asia Pacific, Latin America, and Middle East and Africa
• Everest Evolution™
• Mt. Logan Capital Management
• EverSports and Entertainment Insurance®

Products and services

• Insurance Everest Insurance division providing property, casualty, financial lines, professional lines, energy, construction, cyber, marine and aviation coverages to corporations, businesses, and organizations in North America and international markets.
• Reinsurance Everest Reinsurance division providing treaty and facultative reinsurance globally, including property, casualty, specialty lines, and structured solutions to insurance companies and cedants.
• Treaty Property Reinsurance Property treaty reinsurance products covering proportional and non-proportional arrangements for property risks of primary insurance companies and cedants.
• Treaty Casualty Reinsurance Casualty treaty reinsurance covering liability lines including general liability, professional liability, and workers compensation for primary insurance companies.
• Facultative Property Reinsurance Individual property risk reinsurance coverage on a facultative basis for specific underwriting of individual property risks.
• Facultative Casualty Reinsurance Individual casualty risk reinsurance coverage on a facultative basis for specific casualty risks of primary insurers.
• Structured Solutions Reinsurance Customized reinsurance structures including industry loss warranties, catastrophe bonds, and other risk-linked solutions for primary insurers facing complex risk profiles.
• Surety and Credit Reinsurance Reinsurance solutions for surety bonds and credit insurance covering political risk, trade credit, and performance bonds.
• Accident and Health Reinsurance

Quantifiable outcome

• Third-party capital reached $1.8 billion as of January 1, 2025, a new company record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor.

• Rise Against Hunger & Covenant HouseminorOthersEverest's ECO (EverGreen and Charitable Outreach) committee coordinates volunteer opportunities and philanthropic initiatives. Partnerships support education, health, and social issues in communities where Everest offices are located.
• Together We Rise & United WayminorOthersEverest's ECO committee partners with these organizations for community support initiatives.
• Steps Together & Tower Hamlets Education Business PartnershipminorOthersEducation-focused partnerships through Everest's social responsibility initiatives.
• Association of Professional Insurance Women (APIW)minorOthersEverest partners with industry associations supporting diversity and professional development in insurance.
• National African American Insurance Association (NAAIA)minorOthersEverest partners with industry associations supporting diversity in insurance.
• Network of Actuarial Women and Allies (NAWA)minorOthersEverest partners with industry associations supporting women in actuarial professions.
• Insurance Cultural Awareness Network (iCAN)minorOthersEverest partners with industry associations supporting cultural awareness in insurance.

Scale indicators5 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Hannover Re: Major global reinsurer with strong property catastrophe, casualty and specialty books. Direct competitor to Everest's treaty property and facultative offerings.
• Munich Re: World's largest reinsurer offering property, casualty and specialty treaty and facultative reinsurance globally. Directly comparable to Everest Reinsurance across nearly all product lines and geographies.
• Swiss Re: Global reinsurance and insurance carrier operating across property, casualty, specialty and life & health. Competes head-to-head with Everest in treaty and facultative placements and structured solutions.
• SCOR: Global reinsurance group offering P&C and life reinsurance across multiple regions. Directly comparable to Everest across treaty and facultative product lines.
• PartnerRe: Multi-line global reinsurer (P&C, life, specialty and capital markets) directly competing with Everest on treaty and facultative reinsurance placements.
• Berkshire Hathaway Reinsurance Group: Large reinsurance operation within Berkshire Hathaway providing property, casualty and specialty reinsurance including large-line and structured solutions. Comparable scale and counter-cyclical capacity deployment.
• RenaissanceRe: Bermuda-domiciled reinsurer focused on property catastrophe and specialty reinsurance. Closely comparable to Everest on cat exposure, third-party capital management and Bermuda platform structure.

Broad incumbents

• Chubb: Global P&C insurer with significant specialty and excess casualty capabilities (and a long history as a ceding/assuming player). Comparable to Everest Insurance on the primary insurance side, especially commercial and specialty lines.
• AXA XL: Large commercial P&C and specialty insurer/reinsurer with strong casualty, professional lines and structured solutions capabilities. Comparable to Everest Insurance for primary commercial and specialty products.
• AIG: Large global insurer with property, casualty, specialty and financial lines; an active reinsurance buyer and recent acquirer of Everest's Colombia operations. Comparable as a broad incumbent insurer and capital partner.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles28 records

Subsidiaries6 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 Insurance