Everest Re : Insurance® Expands Into Latin America With Official Opening in Santiago, Chile

WARREN, New Jersey - May 27, 2022 - Everest Insurance®, the Insurance division of Everest Re Group, Ltd. ("Everest") (NYSE: RE) today announced that it has officially entered the Latin American market after receiving approval from the Commission for the Financial Market (CMF) to operate in Chile under the name Everest Compañía de Seguros Generales Chile S.A. Senior Vice President and Regional President of Latin America Pablo Korze will lead operations and a team of seasoned underwriters uniquely positioned to serve the growing needs of corporations across the Latin American market, with a flagship office in Santiago, Chile.

"As we continue to expand our Everest Insurance® global footprint, we're bringing our customer-first model, decades of underwriting discipline and financial strength to address the unique and growing needs of the Latin American market," said Pablo Korze, Senior Vice President and Regional President of Latin America, Everest Insurance®. "We have assembled a deeply experienced team with a keen understanding of local market dynamics and challenges facing corporations who need the capacity and expertise across a wide expanse of insurance needs that Everest is known to deliver."

Everest's bespoke breadth of insurance products will help fill a critical void for tailored risk solutions in the property, marine, casualty and financial lines sectors with the speed and agility required in the current insurance landscape.

"Building on the success of our world-class specialty insurance operations, we're bringing the full strength of Everest resources and capital position to key regions like Chile and around the world where our expertise is needed most," said Mike Karmilowicz, President & CEO, Everest Insurance®. "We are well-positioned, with first-class industry talent and a broad suite of specialty insurance products and capabilities to lead local corporate segments in Latin America, as we continue to expand our position as a preferred market leader."

About Everest Re Group, Ltd.
Everest Re Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for more than 40 years through subsidiaries in the U.S., Europe, 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.