Everest Re Group
Everest Re Group

Everest Re Group

Everest Re Group High Paying Jobs, Compensation Information and Expert Network Connections

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Everest Re Group is a reinsurance company based in Hamilton, Bermuda.

In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial. In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance. On October 6, 1995, Prudential Reinsurance completed an IPO. The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest. In 2017, Everest Re became a S&P 500 component.

Everest Re provides reinsurance and insurance to an international set of customers. Types of insurance provided include property, worker's compensation, crop, professional liability, and accident insurance. As of 2016, 70% of premiums were from reinsurance, with the remainder in insurance. 61% of premiums were from property insurance and reinsurance, with the remainder from casualty insurance and reinsurance. In reinsurance, 52% of premiums were from the United States, 17% were from Europe, 15% were from Latin America, and the rest were from the rest of the world. Everest Re sells catastrophe bonds to investors through a variety of subsidiaries, including Mt. Logan Re and Kilimanjaro Re.

Because of the business it is in, Everest Re profits are very sensitive to large-scale disasters, usually called catastrophes. For instance, Everest Re incurred US$1.2 billion in catastrophe losses in the third quarter of 2017 due to hurricanes Harvey, Irma, and Maria, as well as the Central Mexico earthquake.

Highest paying job titles at Everest Re Group include Director, Financial Reporting, Head of Schools, and Software Engineer

Snapshot

Market Cap$9.6 billion
Revenue$9 billion
5 Year Trendarrow trend up+7.2%
Net Income$668.1 million
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Total value of jobs:
$5,805,000
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Total Jobs:
13
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Average Pay:
$156,891
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Total Experts:
1

Top Experts at Everest Re Group

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Everest Re Group Compensation

Director, Financial Reporting

$225K

$225K

Average Compensation:$225,000

Head of Schools

$90K

$225K

Average Compensation:$163,333

Software Engineer

$90K

$125K

Average Compensation:$101,667

Director, Risk Management

$225K

$225K

Average Compensation:$225,000

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