Everen Group
- Company typePrivate
- Founded1972
- HeadquartersHamilton, Bermuda
- Headcount11–50
- GTM typeB2B
- OfferingServices
Everen Group firmographics
Firmographics- Name
- Everen Group
- Legal name
- Everen Group
- Website
- https://everengroup.bm
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Everen Group is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices2 records
Markets served
Everen Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Insurance Premiums: Everen operates as a mutual insurer providing coverage at cost to its member shareholders. Everen Specialty writes commercial (re)insurance for members and non-members. Premiums are the primary revenue stream.
- Reinsurance Premiums: Everen Specialty provides reinsurance capacity to other insurers, generating premium income from treaty and facultative reinsurance contracts.
- Investment Income: Investment portfolio returns contribute to overall financial performance, providing additional revenue beyond underwriting operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Mutual coverage at cost model |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Everen Group product offering
Product offeringCore offering
Everen Group is a Bermuda-based insurance holding company that delivers (re)insurance solutions tailored to global energy and related infrastructure risks. It operates through Everen Limited, a pure mutual insurer founded in 1972 providing up to $450 million per occurrence property limits to member shareholder policyholders at cost, and Everen Specialty Ltd., a Class 3B licensed commercial (re)insurer founded in 1986 providing property, casualty, D&O, and excess liability coverage to members and non-members worldwide.
Product overview
The Everen Group is a Bermuda-based insurance holding company comprising two distinct operating subsidiaries. Everen is a pure mutual insurer established in 1972 that provides the single largest net capacity in the energy insurance market with per occurrence limits up to $450 million, where policyholders are also member shareholders. Everen Specialty is a Class 3B licensed commercial (re)insurer founded in 1986 that offers property and casualty insurance and reinsurance for both members and non-members. Through its OSL subsidiary, Everen Specialty also writes U.S. surplus lines business via its managing general agent in Houston, Texas.
Differentiator
Problem solved
Functional benefit
Brands
- OCIL Specialty: U.S. surplus lines business writing through OSL Insurance Services (OISI), a managing general agent based in Houston, Texas.
Products and services
- Everen A pure mutual insurer providing the single largest net capacity in the energy insurance market, offering up to $450 million of per occurrence property limits. Coverage is provided at cost to member shareholders who are also policyholders, covering traditional oil and gas through to alternative energy segments including renewables.
- Everen Specialty A Class 3B licensed commercial (re)insurer providing stable capacity to energy insurance and reinsurance markets worldwide. Provides D&O and excess liability insurance for energy industry risks along with property and casualty coverage for members and non-members, with maximum available limits of $75 million to shareholder insureds.
- OCIL Specialty, Ltd (OSL) A Class 3A insurance company subsidiary of Everen Specialty that writes U.S. surplus lines business through OSL Insurance Services (OISI), a managing general agent based in Houston, Texas.
Quantifiable outcome
- $3.8 billion+ returned in cumulative dividends to shareholders over 12 years
- +2 more outcomes
Companies that use Everen Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Everen Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Everen Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mereo Insurance LtdcoreMereo Insurance Limited has commenced underwriting Everen Specialty Ltd's Excess Energy Casualty portfolio under a renewal rights transaction between Everen and Cedar Trace. ESL's underwriting team including former Chief Underwriting Officer Carla Greaves transitioned to Mereo. The transaction supports Mereo's vision to become a leading global insurance and reinsurance business with AM Best 'A-' rated security backing the portfolio.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Everen Group competitors and assessment
Company assessmentDirect peers
- AXA XL: Specialty P&C insurer and reinsurer with significant energy and excess casualty capabilities. AXA XL is a direct competitor to Everen Specialty in energy excess casualty - notably, Everen's former CUO Carla Greaves came from AXA XL, highlighting the direct overlap.
- Aspen Insurance Holdings: Bermuda-based specialty P&C insurer with energy, property, and casualty lines. Comparable to Everen Specialty as a Bermuda-domiciled specialty insurer competing in energy insurance and reinsurance markets.
- PartnerRe: Bermuda-based specialty reinsurer with P&C and energy capabilities. Directly comparable to Everen Specialty as a specialty reinsurer with similar geographic positioning in Bermuda and overlapping energy insurance product offerings.
- Odyssey Re (Hannover Re subsidiary): Specialty reinsurer with energy and casualty capabilities. Comparable to Everen Specialty as a commercial reinsurance provider serving energy industry clients with overlapping product lines.
- Transatlantic Reinsurance: Specialty reinsurer offering property, casualty, and specialty lines including energy coverage. Directly comparable to Everen Specialty as a commercial reinsurance competitor in the energy insurance marketplace.
Broad incumbents
- Liberty Mutual Insurance: Major global P&C insurer with energy specialty lines including onshore and offshore energy property and casualty. Comparable to Everen as a large commercial energy insurance provider serving global energy companies.
- Swiss Re: Global reinsurer with deep energy insurance capabilities and corporate solutions. Comparable to Everen Group as a large-scale reinsurance provider for energy industry risks with broad product offerings and strong financial ratings.
- Munich Re: One of the world's largest reinsurers with significant energy and specialty reinsurance capacity across property and casualty lines. Directly comparable to Everen Specialty as a commercial reinsurance counterparty for energy risks, though Munich Re operates across all lines of business globally.
- Berkshire Hathaway Specialty Insurance: Specialty insurer backed by Berkshire Hathaway with significant energy and large account P&C capabilities. Comparable to Everen as a major provider of energy insurance capacity competing for the same large energy corporate accounts.
- AIG (American International Group): Major global insurer with substantial energy and specialty lines capabilities through AIG Specialty Insurance. Comparable to Everen as a broad incumbent energy insurance provider with global footprint serving large energy companies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Everen Group social profiles
Digital presenceEveren Group compliance and trust
Trust signalCompliance3 records
Everen Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Everen Group leadership team
Management profileNumber of profiles
Profiles11 records
Everen Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Everen Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Everen Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Everen Group
What does Everen Group do?
Everen Group is a Bermuda-based insurance holding company that delivers (re)insurance solutions tailored to global energy and related infrastructure risks. It operates through Everen Limited, a pure mutual insurer founded in 1972 providing up to $450 million per occurrence property limits to member shareholder policyholders at cost, and Everen Specialty Ltd., a Class 3B licensed commercial (re)insurer founded in 1986 providing property, casualty, D&O, and excess liability coverage to members and non-members worldwide.
Is Everen Group a public or private company?
Everen Group is a private company. It is classified as unknown and is currently operating.
When was Everen Group founded?
Everen Group was founded in 1972. It employs 11 to 50 people.
Where is Everen Group based?
Everen Group is headquartered in Hamilton, Bermuda.
How does Everen Group make money?
Three revenue lines are on record. Insurance Premiums are the primary driver. The others are reinsurance Premiums and investment Income.
Who are Everen Group's main competitors?
Direct peers on record are AXA XL, Aspen Insurance Holdings, PartnerRe, Odyssey Re (Hannover Re subsidiary) and Transatlantic Reinsurance. Broad incumbents are Liberty Mutual Insurance, Swiss Re, Munich Re, Berkshire Hathaway Specialty Insurance and AIG (American International Group).
Does Everen Group have an API?
No public API is recorded for Everen Group.