8-K
Everest Group, Ltd. (EG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 10, 2021
Everest Re Group, Ltd.
(Exact name of registrant as specified in its charter)
| Bermuda | 1-15731 | 98-0365432 |
|---|---|---|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
| Seon Place – 4th Floor<br><br>141 Front Street<br><br>PO Box HM 845<br><br>HamiltonHM 19, Bermuda | Not Applicable | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code 441-295-0006
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Class | Trading Symbol(s) | Name of Exchange where registered |
|---|---|---|
| Common Shares, $0.01 par value | RE | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act. ☐
| ITEM 5.02 | DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS |
|---|
Today, the registrant announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, will assume additional responsibilities as the Head of the Everest Reinsurance Division effective immediately. Mr. Williamson succeeds John Doucette, who is leaving the Company to pursue other opportunities. A copy of the news release is furnished herewith as Exhibit 99.1.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS | |
|---|---|---|
| (c) | Exhibits | |
| --- | --- | --- |
| Exhibit No. | Description | |
| 99.1 | News Release of the registrant, | |
| dated May 10, 2021 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVEREST RE GROUP, LTD. | |
|---|---|
| By: | /S/ KEITH SHOEMAKER |
| Keith Shoemaker | |
| Senior Vice President and Comptroller |
Dated: May 10, 2021
EXHIBIT INDEX
| Exhibit | ||
|---|---|---|
| Number | Description of Document | Page No. |
| 99.1 | News Release of registrant, | |
| dated May 10, 2021 | 5 |
N EWS R ELEASE
EVEREST RE GROUP, LTD.
Seon Place, 141 Front Street, 4^th^ Floor, Hamilton HM 19, Bermuda
Contacts
Media: Dane Lopes Investors: Jon Levenson
Group Head of Marketing & Communications Head of Investor Relations
Everest Global Services, Inc. Everest Global Services, Inc.
203.388.3977 908.604.3169
Jim Williamson,Executive Vice President & Group Chief Operating Officer, AssumesAdditional Responsibilities as Head of the Everest Reinsurance Division
HAMILTON, Bermuda -- (BUSINESS WIRE) – May 10, 2021 – Everest Re Group, Ltd. (“Everest”) today announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer will assume additional responsibilities as the Head of the Everest Reinsurance Division effective immediately.
Mr. Williamson succeeds John Doucette, who is leaving the Company to pursue other opportunities.
The appointment of Mr. Williamson to lead Everest’s Reinsurance Division furthers the Company’s focus on profitably growing a balanced and diversified reinsurance and insurance portfolio, underpinned by relentless execution, to maximize shareholder returns and deliver superior earnings and book value per share growth over time.
Juan C. Andrade, Everest President and Chief Executive Officer commented:
“I am excited to have Jim take on the leadership of Everest Reinsurance. He is an experienced and talented executive with a wealth of industry knowledge, and a track record of driving results. This change will enable us to enhance our already strong underwriting and operational discipline.”
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“On behalf of the executive management team, I want to thank John for his dedication and many contributions to the organization. Under his leadership, Everest has strengthened its position as a resilient and innovative reinsurer. I wish him well in his future endeavors.”
Mr. Williamson commented, “Everest’s Reinsurance business is world class, and I am energized by the opportunity to lead such an accomplished team. We have exceptional talent around the world, deep partnerships with our brokers and cedants, and the financial resources to continue to execute our global growth strategy.”
About Jim Williamson
Jim Williamson joined Everest in 2020 as the Group Chief Operating Officer. Mr. Williamson began his insurance career as a casualty underwriter at The Hartford. Over the years, at The Hartford, Chubb, and now Everest, he has worked in all aspects of the P&C commercial and consumer lines industry both in the U.S. and internationally running large and successful businesses. He has also had functional responsibilities for actuarial, technology, and claims organizations during his career.
Mr. Williamson holds an MBA from The Wharton School at the University of Pennsylvania, and a B.S. from Bryant College.
About Everest Re Group, Ltd.
Everest Re Group, Ltd. (“Everest”) is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories.
Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.
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