Reinsurance News

Everest Insurance announces buyout of Salus Systems

26th September 2019 - Author: Staff Writer -

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Everest Insurance, a division of global reinsurer Everest Re Group, has purchased the remaining shares of its joint venture partner Salus Systems.

handshakeSalus was founded in 2017 and develops and markets ZERO, a collaborative safety management platform for the insurance industry.

The interactive platform is designed to enrich the safety environment of its client companies while helping organisations lower potential claims-related costs and streamline operations by promoting and maintaining a seamless, safety-driven community.

Members are encouraged to play a part in reducing workplace hazards by sharing ideas, identifying opportunities for improvement, alerting others to potential risks, and promoting safety best practices.

“The growth and development of the ZERO® platform over the past two years has been incredible – it is truly a revolutionary tool in the workplace safety market,” said Everest Insurance Chief Administrative Officer Bill Thygeson.

“We are proud to provide clients with a product that can lead to both a tangible reduction in claims costs and an improvement in the safety and wellness of their employees.”