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Home > Property Insurance Coverage > Home Owners Insurance > Everest National Insurance Company
Everest National Insurance Company
Everest National is a subsidiary of Everest Reinsurance, which has roots back to 1973, when the company was formally established as Prudential Reinsurance Company, at that time a subsidiary of the Prudential Insurance Company of America. In 1995 Prudential successfully completed a public offering of 100 percent of Prudential Re's stock and the companies changed their names to Everest Reinsurance and Everest National, respectively. In 2000, as a result of a corporate restructuring at the holding company level, Everest National's ultimate publicly owned parent became Everest Re Group, Ltd.
Everest National Insurance Company specializes in primary program insurance opportunities written through underwriting managers, which they refer to as program administrators. With their affiliated companies, they offer program administrators the products needed to write programs throughout the United States.
They have a staff of seasoned insurance professionals in the underwriting, claims, actuarial, operations, systems, accounting, loss control, and premium audit disciplines to assist program administrators in analyzing opportunities and developing an approach that favorably positions the program in the market. Everest's Direct Retail underwriting facilities offer coverage, through independent agents, to the commercial account market.
Everest's main focus in the primary insurance market is program business. They write program business on an admitted basis through Everest National Insurance Company, Everest Reinsurance Company and Everest Security Insurance Company. They target homogeneous classes of business written through select program administrators. These programs include, but are not limited to, workers compensation, general liability, professional liability, commercial automobile, and property.
Unlike many insurers specializing in program business and or affiliated with a reinsurer, Everest National and its affiliated companies offer program administrators, producers and insured a full array of services to promote the success of their programs, including claims management actuarial services product development marketing systems underwriting and loss control.
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