EG 8-K
Everest Group, Ltd. (EG)
8-K
2025-03-06
For: 2025-03-06
View Original
Added on
April 08, 2026
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)
(March 6, 2025 )
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | ||||||
| of incorporation) | File Number) | Identification No.) | ||||||
| (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):
Securities registered pursuant to Section 12(b) of the Act:
| Class | Trading Symbol(s) | Name of Exchange where registered | ||||||||||||
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 6, 2025, the Board of Directors (the "Board") of Everest Group, Ltd. (the "Company") increased its size to ten members and elected John Howard to serve on the Board, effective immediately. Mr. Howard was appointed to serve as a member of Board's Audit Committee, Compensation Committee and Nominating & Governance Committee, effective immediately. He will receive an annual retainer of $125,000, pro-rated based on the date of his election to the Board and an annual grant of restricted shares with a fair market value of $325,000 pursuant to the 2003 Non-Employee Director Compensation Plan. A press release announcing Mr. Howard's appointment is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits | ||||||||||
| Exhibit No. | Description | ||||||||||
| 99.1 | News Release of the Company dated March 6, 2025 | ||||||||||
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 GROUP, LTD. | ||||||||
| By: | /S/ ROBERT J. FREILING | |||||||
| Robert J. Freiling Senior Vice President and Chief Accounting Officer | ||||||||
| Dated: March 6, 2025 | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description of Document | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | ||||||||||
NEWS RELEASE |  | |||||||
EVEREST GROUP, LTD.
Seon Place, 141 Front Street, 4th Floor, Hamilton HM 19, Bermuda
Contacts
Media: Dawn Lauer Investors: Matt Rohrmann
Chief Communications Officer Head of Investor Relations
908.300.7670 908.604.7343
Everest Appoints John Howard to Board of Directors
HAMILTON, Bermuda -- (BUSINESS WIRE) – March 6, 2025 – Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that John Howard has been appointed as an independent, non-executive member of its Board of Directors, effective today.
“John is an outstanding addition to Everest’s Board. He is highly regarded in the industry with a stellar career successfully building and transforming businesses, teams, and insurance portfolios to deliver exceptional growth and value,” said Jim Williamson, Everest President and CEO. “His deep knowledge of the sector and strong relationships will be particularly valuable as we position Everest for long-term growth and profitability.”
Mr. Howard has more than three decades of diversified insurance and senior executive leadership experience at top financial services organizations with a proven track record of delivering superior results. Most recently he was Chief Executive Officer of Truist Insurance Holdings (TIH), serving in various leadership positions over the course of twenty years with the company and its affiliates. He recently led the successful $16 billion leveraged buyout of TIH from Truist Financial Corporation (formerly BB&T Corporation). TIH is one of the ten largest insurance brokerages in the U.S., where Mr. Howard established its enhanced infrastructure and operating strategy, as well as a best-in-class Board and leadership team. On January 1, 2025, Mr. Howard stepped down as CEO and assumed the role of Vice Chair of TIH, and he continues to serve on TIH’s Board of Managers.
Previously, Mr. Howard served in executive leadership positions at many other renowned organizations including Prudential Financial, GE, and Conseco, Inc. He began his career on active duty in the U.S. Navy. Additionally, Mr. Howard has extensive experience across industry associations and policymaking. He currently serves on the Insurance Policy Committee of the Board of Governors of the Federal Reserve System, the Council of Insurance Agents and Brokers, The Institutes, and the Maurice R. Greenberg School of Risk Management, Insurance, and Actuarial Science at St. John’s University. Mr. Howard earned a bachelor's degree in economics from
Columbia University and a Master of Business Administration from Duke University, Fuqua School of Business.
“We are delighted to welcome John and expand Everest’s Board with his outstanding caliber of leadership, strategic insight, and integrity,” said Joseph V. Taranto, Everest Chairman. “John brings a wealth of experience in transforming businesses, driving growth, and creating value. I look forward to working with him and drawing on his counsel as we focus on strengthening Everest’s market position and delivering strong returns for our stakeholders.”
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) 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.everestglobal.com.