Everest Re Group announces new name

Everest Re Group has announced that it will rebrand to Everest Group and will trade under the new ticker symbol “EG” on the New York Stock Exchange.

The name change will take effect on July 10. It comes following shareholder approval at the company’s annual general meeting on Wednesday.

The news comes after Everest announced a brand refresh, including a new logo, late last year.

“Everest’s new name and stock ticker reflect the evolution of our value proposition, built on five decades of reinsurance leadership and an expanding presence in the global primary insurance market,” said Juan C. Andrade, president and CEO of Everest. “In today’s heightened risk environment, our hybrid business model, breadth of global capabilities and outstanding talent are more vital than ever.”

Everest said the changes support its ongoing diversification efforts.

“At Everest, underwriting opportunity is more than an ideal – it’s the commitment that inspires excellence in everything we do,” Andrade said. “We continue to advance our strategic objectives as ‘One Everest,’ with the discipline, expertise and agility to create lasting value for all our stakeholders.”

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