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|Everest Insurance® Ireland, dac Announces UK Branch|
HAMILTON, Bermuda – (BUSINESS WIRE) – April 15, 2019
Everest Insurance (Ireland) Designated Activity Company (EIID), a part of the Everest Insurance® International platform, announced today the planned opening of a branch office in the United Kingdom.
EIID was established in 2017 and is led by CEO Linda Ryan, who manages the strategy and operational development of the company. Linda previously held the title of EIID Chief Financial Officer.
The UK branch is authorized to write general insurance classes including Goods in Transit, Fire and Natural Forces, Damage to Property, General Liability, Credit, Suretyship and Miscellaneous Financial Loss.
“After a successful launch in Dublin, we are looking forward to expanding to the United Kingdom,” said Ryan. “We are confident that our innovative products, flexibility and knowledgeable underwriters will be a great asset to our new United Kingdom clients.”
“This is an important step as Everest continues to expand our international capabilities,” commented Everest Insurance® International CEO Vincent Vandendael. “The United Kingdom is a strategic choice and a logical location for our next branch. We’re intent to prove ourselves a valuable asset to the UK insurance community.”
The UK branch has received CBI and PRA approval pending confirmation of our Senior Manager approvals by the FCA.
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
Everest Re Group, Ltd.
Jon Levenson, Head of Investor Relations
Phone (908) 604-3169