Everest has established a new wholesale division to serve the US excess and surplus (E&S) and programs markets.
The global underwriter providing property, casualty, and specialty reinsurance and insurance solutions, has provided the solution to deal with the ever-growing needs of the market, following a boom across the E&S sector.
The division is set to comprise specialised wholesale segments, underwriters, and distribution teams, including Everest Underwriting Partners, as well as the Company’s programs business.
President of North America Insurance Mike Mulray said: “This dedicated offering reflects Everest’s decades of experience and support for our wholesale partners.
“We are further strengthening our commitment by bringing our customers and distribution partners highly customised capabilities and greater access to the full breadth of our products and services, with the customer-first culture they expect from Everest.”
This is the latest initiative that Everest has undertaken under the leadership of group CEO Juan Andrade, following a concerted effort to reduce the volatility of its reinsurance book and growing its primary business across various specialty lines.
The move comes under the banner of Everest’s eponymous insurance subsidiary, known as Everest Insurance.
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