Form 10-Q · Quarterly report
Everest Group 10-Q, filed Oct 30, 2026
- Filed
- CIK
- 0001095073
- Accession no.
- 0001095073-26-000043
Summary
Everest Group disclosed that the Bermuda Monetary Authority has formally determined it should become Group Supervisor, with Everest Reinsurance (Bermuda) Ltd. as designated insurer, and that Everest expects to be designated an Internationally Active Insurance Group. Everest also partnered with Stone Point Insurance Solutions to launch Annapurna Re, Ltd., entered adverse development reinsurance agreements with State National and MS Transverse backed by Longtail Re, completed the sale of its Canadian Commercial Retail Insurance operations, and agreed to sell certain commercial retail renewal rights to AIG.
Key points
- The Bermuda Monetary Authority told Everest it would become Group Supervisor, with Everest Reinsurance (Bermuda) Ltd. as designated insurer, and Everest expects to be designated an Internationally Active Insurance Group during a transition ending January 2027.
- Everest partnered with Stone Point Insurance Solutions to sponsor Annapurna Re, Ltd., a Bermuda-based collateralized reinsurer structured as a sidecar.
- Everest entered adverse development reinsurance agreements effective October 1, 2025 with State National Insurance Company, Inc. and MS Transverse Insurance Company, retrocessed by Longtail Re, covering up to a $1.2 billion gross limit for accident years 2024 and prior.
- Everest completed the sale of its Canadian Commercial Retail Insurance operations on October 1, 2026, and agreed to sell certain commercial retail insurance renewal rights in the U.S., U.K., Asia Pacific, and E.U. to AIG for $252 million and $49 million.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview. Everest is a global underwriting leader providing best-in-class property, casualty and specialty reinsurance and insurance solutions. As part of the Standard & Poor’s (“S&P”) 500 Index, we are a leading financial services institution focused on value creation for our shareholders while diversifying our portfolio and geographic presence. Through our direct and indirect subsidiaries operating in the U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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