Everest Group Secures $1.2 Billion Adverse Development Reinsurance Cover

Reuters
Oct 28, 2025
<a href="https://laohu8.com/S/EG">Everest Group</a> Secures $1.2 Billion Adverse Development Reinsurance Cover

Everest Group Ltd. announced that it has entered into a $1.2 billion adverse development reinsurance agreement, effective October 1, 2025, with Longtail Re, an affiliate of Stone Ridge Holdings Group. The agreement provides gross limit protection against future adverse reserve development on substantially all insurance policies written by Everest Insurance's North American business for accident years 2024 and prior. The cover consists of two layers in excess of $5.4 billion in subject reserves, with Everest retaining a $100 million co-participation in each layer. The transaction will be accounted for as a retroactive reinsurance agreement. Gallagher Re served as the sole structuring agent and advisor for the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Everest Group Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251027214775) on October 27, 2025, and is solely responsible for the information contained therein.

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