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Specialty Insurance Group (SIG) and Everest Reinsurance Company Announce International Specialty Initiative
9/3/2014
INDIANAPOLIS, IN – September 3, 2014 – Specialty Insurance Group (SIG) and Everest Reinsurance Company, both members of Everest Re Group, Ltd., have announced an initiative to offer comprehensive solutions for specialty coverages to the reinsurance and wholesale broker community and their insurance company partners outside the United States and Canada.

SIG is a well-recognized and respected leader in the North America insurance industry, known for their expertise in the Sports, Leisure and Entertainment program sectors.  SIG’s staff has proven expertise in providing cutting-edge solutions for all aspects of risk associated with the Sports, Leisure and Entertainment markets.

Everest Reinsurance Company is rated A+, XV and is licensed in nearly every jurisdiction in the world. The International Facultative operation of Everest Reinsurance Company, which will support this initiative, is based in Miami, FL and has offices in Singapore, London, Brussels, Dublin and Sao Paolo, Everest has the global reach to serve clients in any time zone and has developed a lead position in specialty facultative lines for treaty and broker clients.

When asked about the initiative, Greg Mosher, industry veteran and SIG Managing Director said, “We are very excited to be able to team with Everest Re to bring our expertise and products to clients and markets around the world. With our team, experience and synergy with Everest Re, we have the opportunity to extend both brands while meeting the worldwide demand for specialty insurance programs.”

Ron Diaz, Senior Vice President and Head of International Facultative for Everest Re offered, “The opportunity to work with respected experts within our own group to help create solutions for our brokers and clients overseas is fantastic.  We look forward to expanding our specialty offerings with the collaboration of SIG and could not be more pleased.”

Products include:
                •  Contingency – event cancellation, non-appearance, prize indemnity,
                   hole-in-one and adverse weather
                •  Participant Accident
                •  Liability

 Target markets include:
               •  Amateur sports
               •  Motorsports – teams, sponsors and venues
               •  Event sponsors
               •  Sports and entertainment venues
               •  Special events
               •  Professional sports

               •  Fairs and festivals

 

Furthermore, SIG and Everest Re are currently exploring the introduction of additional products to offer to international clients.

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