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Timeline of key events in our history
- 2001 - Southeastern Security Insurance Company changes name to Everest
Security Insurance Company
- 2000 - Everest Re Group, Ltd., through its subsidiary, Everest Reinsurance
(Bermuda), Ltd., acquired AFC Re, Ltd., a Bermuda-based annuity/life
reinsurer, from AFC Holdings, Ltd.
- 2000 - Through its U.S. holding company, Everest Re Group acquires
Gibraltar Casualty Company, a run-off property-casualty insurer domiciled
in Delaware. Immediately following the acquisition, Gibraltar's name
is changed to Mt. McKinley Insurance Company.
- 2000 - Everest Re Group. Ltd. forms a new reinsurer, Everest Reinsurance
(Bermuda), Ltd. to write reinsurance in Bermuda and international markets
- 2000 - In a corporate restructuring, a newly formed holding company,
Everest Re Group, Ltd. becomes the publicly traded parent of the Everest
Re Group of companies
- 2000 - Everest Re acquires Southeastern Security Insurance Company,
a Georgia insurer underwriting non-standard automobile business in Georgia
- 1998 - Standard & Poor's upgrades its ratings of Everest Re and
Everest National "AA-"
- 1998 - Everest Re's statutory surplus passes the $1 billion threshold
- 1997 - A. M. Best upgrades its ratings of Everest Re and Everest National
to "A+"
- 1997 - Mt. McKinley Managers, L.L.C. ("Mt. McKinley"), a New Jersey
limited liability company licensed as an insurance producer, including
surplus lines authority, is formed by Everest Re Holdings
- 1997 - Everest Indemnity Insurance Company, a Delaware insurance company,
is formed to engage in the excess and surplus lines insurance business
in the United States
- 1996 - Everest Re acquires Everest Insurance Company of Canada, an
insurer with federal and provincial licenses to write property and casualty
insurance
- 1996 - Prudential Re, Prudential National and Prudential Reinsurance
Holdings adopt the "Everest" name
- 1995 - The Prudential sells its entire interest in Prudential Reinsurance
Holdings' shares of common stock in a public offering
- 1993 - Prudential Reinsurance Holdings, Inc. is formed by The Prudential
to serve as the parent holding company of Pru Re
- 1991 - Prudential National Insurance Co., is established as a subsidiary
of Pru Re to provide primary property and casualty insurance
- 1973 - Prudential Reinsurance Company (Pru Re) is formed as a subsidiary
of The Prudential Insurance Company of America
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Copyright © 2000 Everest Re Group, Ltd. - All Rights Reserved - Terms of Use
Everest and the Everest logo are registered service marks of Everest Reinsurance Company
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Everest National is a subsidiary of Everest Reinsurance, which has roots back to 1973, when the company was formally established as Prudential Reinsurance Company, at that time a subsidiary of the Prudential Insurance Company of America. In 1995 Prudential successfully completed a public offering of 100 percent of Prudential Re's stock and the companies changed their names to Everest Reinsurance and Everest National, respectively. In 2000, as a result of a corporate restructuring at the holding company level, Everest National's ultimate publicly owned parent became Everest Re Group, Ltd.