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Everest enters $1.2bn adverse development reinsurance deal with Longtail Re
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Everest enters $1.2bn adverse development reinsurance deal with Longtail Re
Bermuda-based insurance and reinsurance firm Everest has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group, with the cover composed of two layers in excess of the $5.4 billion of North America Insurance and Other segment liability subject reserves. According to Everest, the first layer is $700 million, upon which Everest will reportedly trans…
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