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AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries

AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries
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Elpha Secure Technology Raises $20M in Series A Funding

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Everest Re Group maintains strength ratings

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
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Everest Re Group maintains strength ratings

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
T...

Ireland , Canada , Bermuda , Everest-reinsurance-bermuda-ltd , Everest-reinsurance-company , Everest-premier-insurance-company , Everest-insurance-company-of-canada , Everest-insurance-ireland-designated-activity-company , Everest-national-insurance-company , Everest-reinsurance-holdings-inc , Everest-indemnity-insurance-company

AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries

AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries
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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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Stock Market | Daily Herald

Stock Market | Daily Herald
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Everest Mourns The Passing Of Chief Risk Officer & Chief Actuary, Don Mango – InsuranceNewsNet

Everest Re Group, Ltd. today announced with great sorrow the passing of Don Mango, the company’ s Chief Risk Officer and Chief Actuary. Ari Moskowitz, Everest Reinsurance Chief Operations Officer and Chief Pricing Actuary has been appointed Everest Group Chief Risk Officer to lead the risk function and carry Don’ s legacy forward. He was a prolific prize-winning...

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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of May 24) | All Alerts & Newsletters

May.24.2021
Courts Dismiss COVID-19 Business Interruption Claims
On May 13, 2021, the district court for the Northern District of Georgia granted American Family Insurance Company’s and Midvale Indemnity Company’s motion to dismiss a COVID-19 business interruption claim filed by the operators of two barbeque restaurants. The court concluded that the plain meaning of the phrase “direct physical loss” requires that there be “actual, physical damage to the covered premises” and the plaintiffs failed to allege any change to the physical condition of property due to COVID-19 closure orders. Order at 11. The court further found that the policy’s unambiguous virus exclusion bars coverage because the plaintiffs “claim no losses that were not caused, at least indirectly, by the virus.”

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AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries
May 7, 2021 GMT
OLDWICK, N.J.--(BUSINESS WIRE)--May 7, 2021--
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the operating subsidiaries of Everest Re Group, Ltd. (Bermuda) (collectively referred to as Everest). Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” of Everest Re Group, Ltd. [NYSE: RE] and Everest Reinsurance Holdings, Inc. (Delaware). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Everest Reinsurance Holdings, Inc. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)

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