Everest Insurance expands operations into France and Germany
Everest Insurance, the insurance division of Everest Re, announced its further expansion into the European market with official opening and regulatory approval to operate two new branches in Paris, France and Düsseldorf, Germany. Plans for a third European branch opening in Madrid, Spain is also underway for later this year.
The newly established branches are led by Anne Charon, Head of France and Bernd Wiemann, Head of Germany. Each branch will deliver local expertise and customized risk solutions to their respective markets. Everest’s Paris office will service key sectors including property, casualty, energy and construction, professional lines/indemnity, cyber, accident and health, credit and surety, and financial lines. Everest’s Düsseldorf office will service key sectors including commercial property, casualty, and financial lines of business.
The European expansion of Everest’s primary insurance operations follows its recent entrance into the Latin American and Asia Pacific markets and continues the advancement of its international expansion strategy.
“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. 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.” – Mike Karmilowicz, president & CEO, Everest Insurance.