Reinsurance News

Everen

Everen Specialty announces retirement of SVP & COO Rivers

18th October 2024

Everen Specialty Limited, a property and casualty re/insurer, has announced Jerry Rivers, Senior Vice President, and Chief Operating Officer, is to retire on March 31, 2025. Rivers expressed his gratitude, stating: “I want to thank the Board for their confidence and support throughout my tenure. It has been a pleasure to ... Read the full article

Robert Foskey named new CEO & President of Everen Group

9th August 2024

The Everen Group, a consortium of energy insurance companies, has appointed Robert Foskey as its new President and Chief Executive Officer, effective August 5, 2024. Foskey brings extensive experience and a successful history with the Everen Group and is poised to guide the company into its next chapter of development and ... Read the full article

Everen elects new Board of Directors to serve until March 2025

11th April 2024

Bermuda-headquartered energy insurer Everen Limited’s shareholders, at its Annual General Meeting (AGM), elected a new Board of Directors who will serve until March 2025. The newly elected Board convened and appointed John Weisner as the Chair of the Board and Brian Mullen as the Deputy Chair for 2024, as Gwenola Jan, ... Read the full article

AM Best revises Everen Specialty’s outlook to negative due to declining capitalisation

23rd October 2023

AM Best announced a negative revision in its outlook for Everen Specialty Ltd. (Everen Specialty) to negative from stable reflecting the impact of Everen Specialty’s declining risk-adjusted capitalisation. The revision pertains to the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) for Everen Specialty, ... Read the full article

George Hutchings to retire as SVP & COO of Everen Limited

9th January 2023

Everen Limited has announced that George F. Hutchings, Senior Vice President (SVP) and Chief Operating Officer (COO), will retire at the end of 2023. Robert J. Foskey, SVP and Chief Actuary, will succeed Hutchings as COO on April 1, 2023. Everen has confirmed that Hutchings will remain at the firm for the ... Read the full article

Oil Insurance Limited switches to become Everen

29th June 2022

Mutual insurance company Oil Insurance Limited has rebranded itself as Everen, while Oil Casualty Insurance will now be called Everen Specialty. In a statement, it was said that the new brands have been created to better reflect the companies’ steadfast dedication to their existing members and to show their commitment to ... Read the full article