Hamilton, Bermuda headquartered and globally operated insurance and reinsurance group Everest Re is set to join the S&P 500, moving up from its current position as an S&P MidCap 400 company.
Everest Re will join the S&P 500 GICS (Global Industry Classification Standard) Reinsurance Sub-Industry index.
The classification is designed to reflect the breadth, depth and evolution of the industry sector for companies primarily involved in providing reinsurance capacity to their clients.
Becoming part of the S&P 500 should help to elevate Everest Re’s position in the view of investors and can only assist as the company continues to grow its footprint.
