Global re/insurance player Everest Re Group, Ltd., has announced that following shareholder approval at the Company’s Annual General Meeting held yesterday, it will change its name to Everest Group, Ltd., and will trade under the new ticker symbol, effective on July 10, 2023.
“Everest’s new name and stock ticker reflect the evolution of our value proposition, built on five decades of reinsurance leadership and an expanding presence in the global primary insurance market,” said Juan C. Andrade, Everest President and CEO.
“In today’s heightened risk environment, our hybrid business model, breadth of global capabilities and outstanding talent are more vital than ever.”
The rebranding also features a new corporate website that Everest recently launched.
Aligned with Everest’s refreshed brand which was unveiled in November 2022, these changes underscore the firm’s ongoing diversification efforts.
Andrade, added: “At Everest, underwriting opportunity is more than an ideal – it’s the commitment that inspires excellence in everything we do. We continue to advance our strategic objectives as ‘One Everest,’ with the discipline, expertise and agility to create lasting value for all our stakeholders.”
Meanwhile, it was recently reported that Everest Re is raising almost $1.5 billion of new equity capital to fuel expansion.
