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OFFON

EVEREST RE GROUP, LTD.

(RE)
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Everest Re : Insurance« Announces Rebrand of Sports & Entertainment Business

05/03/2021 | 12:11pm EST

WARREN, NEW JERSEY- May 3, 2021 - Everest Insurance® announced today that its sports, leisure and entertainment division, previously known as Specialty Insurance Group (SIG®), has rebranded as EverSports & Entertainment Insurance℠. EverSports & Entertainment Insurance℠ will continue to offer primary and excess liability, commercial automobile, workers' compensation, property, contingency and participant accident coverage to clients in the sports, leisure and entertainment space.

The rebrand aligns EverSports & Entertainment Insurance Inc.'s corporate identity with its insurance appetite and market position, backed by the financial strength of its parent company, Everest Re Group, Ltd.

'This refreshed brand is a major milestone for our group and an opportunity to reaffirm our role in the industry,' said David Nikolai, Head of EverSports & Entertainment Insurance Inc. 'We remain focused on continuing to provide our robust suite of sports, leisure and entertainment insurance offerings, best-in-class services, and world-class underwriting talent to our valued clients and brokers. Considering the volatility we've seen in this past year; we want to remind our clients and brokers that we are here for the long-haul. This new brand perfectly encapsulates our commitment to long-term relationships with our clients in this industry segment, our ambition to expand our footprint in the marketplace, and our role as a member company of Everest.'

About Everest Re Group, Ltd.
EverSports & Entertainment Insurance Inc. is a licensed producer and a licensed surplus lines broker in certain U.S. jurisdictions and a member of Everest Re Group, Ltd.

Everest Re Group, Ltd. ('Everest') is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories.

Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.

Everest common stock (NYSE:RE) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.

Disclaimer

Everest Re Group Ltd. published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 16:10:03 UTC.


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Financials (USD)
Sales 2021 11 306 M - -
Net income 2021 1 313 M - -
Net Debt 2021 - - -
P/E ratio 2021 8,77x
Yield 2021 2,14%
Capitalization 11 452 M 11 452 M -
Capi. / Sales 2021 1,01x
Capi. / Sales 2022 0,89x
Nbr of Employees 1 746
Free-Float -
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Number of Analysts 7
Last Close Price 290,90 $
Average target price 326,71 $
Spread / Average Target 12,3%
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Managers and Directors
Juan C. Andrade President, Chief Executive Officer & Director
Mark Kociancic Chief Financial Officer & Executive Vice President
Joseph V. Taranto Chairman
Jim Williamson Chief Operating Officer & Executive Vice President
Sanjoy Mukherjee Secretary, Chief Compliance Officer & Executive VP
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