Everest Insurance, the insurance division of Everest Re Group Ltd., introduced its additional enlargement into the European market with the opening of two new branches in Paris, France and Düsseldorf, Germany. Plans for a 3rd European department opening in Madrid, Spain can be deliberate for later this yr.
“Our international expansion is driven by an intentional focus to continue to diversify our business and grow in a robust global market with tremendous need and potential,” stated Mike Karmilowicz, president & CEO, Everest Insurance.
“While clients and brokers face challenging and new emerging risks, Everest Insurance is bringing a new commitment to the European market. Backed by the full strength and capital of Everest, we are well-positioned to deliver our customer-first model to these key markets, providing clients with access to first-class industry talent and the customized risk solutions they need,” he added.
The newly established branches are led by Anne Charon, head of France, and Bernd Wiemann, head of Germany.
Everest’s Paris workplace will service key sectors together with property, casualty, vitality and development, skilled strains/indemnity, cyber, accident and well being, credit score and surety, and monetary strains. Everest’s Düsseldorf workplace will service key sectors together with industrial property, casualty, and monetary strains of business.
The European enlargement of Everest’s major insurance operations follows its current entrance into the Latin American and Asia Pacific markets and continues the development of its worldwide enlargement technique.
The Paris department is operated by Everest Insurance (Ireland), DAC France Branch, and the German department is operated by Everest Insurance (Ireland) DAC, Niederlassung für Deutschland.
Source: Everest Re
Topics
France
Germany
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