EX-99.1 2 ex991.htm EXHIBIT 99.1 PR ex991
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1
N
EWS
R
ELEASE
EVEREST RE GROUP,
 
LTD.
Seon Place, 141 Front Street, 4
th
 
Floor, Hamilton HM 19, Bermuda
Contacts:
Media: Dawn Lauer
 
Investors: Jon Levenson
Chief Communications Officer
 
Head of Investor Relations
Everest Global Services, Inc.
 
Everest Global Services, Inc.
908.300.7670
 
908.604.3169
Everest Extends Employment Agreement with President and CEO Juan C. Andrade
HAMILTON,
 
Bermuda
 
–
 
December
 
17,
 
2021
 
–
 
Everest
 
Re
 
Group,
 
Ltd.
 
(“Everest”
 
or
 
the
 
“Company”)
(NYSE: RE),
 
a leading
 
global provider
 
of reinsurance
 
and insurance
 
solutions, and
 
its Board
 
of Directors
 
(the
 
“Board”)
 
today
 
announced
 
the
 
extension
 
of
 
President
 
and
 
CEO
 
Juan
 
C.
 
Andrade’s
 
employment
agreement through the end of 2023 with automatic annual extensions
 
following this term.
“In the past 24 months as
 
Everest’s CEO, Juan has
 
made exceptional progress positioning the company for
long-term profitable
 
growth,” said
 
Joseph V.
 
Taranto,
 
Everest Chairman.
 
“On behalf
 
of the
 
entire Board,
we
 
have
 
the
 
utmost
 
confidence
 
in
 
Juan’s
 
ability
 
to
 
lead
 
Everest
 
through
 
its
 
next
 
phase
 
of
 
evolution
 
and
success.”
 
"I am
 
honored to
 
continue leading
 
Everest into
 
the future
 
alongside a
 
world-class management
 
team and
with the
 
ongoing support
 
of our
 
Board of
 
Directors,” said
 
Juan C.
 
Andrade, President
 
& CEO.
 
“Together
with
 
our
 
outstanding
 
team
 
around
 
the
 
world,
 
we
 
are
 
profitably
 
growing
 
our
 
Company.
 
I
 
am
 
excited
 
to
advance Everest’s
 
strategic growth
 
agenda to
 
deliver even
 
greater value
 
for our
 
shareholders and
 
clients,
while fostering a vibrant and inclusive culture for our employees.”
 
2
About Everest Re Group, Ltd.
 
Everest Re Group, Ltd. (“Everest”) is
 
a leading global provider of reinsurance
 
and insurance, operating for
close
 
to
 
50
 
years
 
through
 
subsidiaries
 
in
 
the
 
U.S.,
 
Europe,
 
Singapore,
 
Canada,
 
Bermuda
 
and
 
other
territories.
 
Everest offers
 
property,
 
casualty,
 
and specialty
 
products through
 
its various
 
operating affiliates
 
located in
key markets around the world.
 
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
 
Additional
 
information
 
about
 
Everest,
 
our
 
people,
 
and
 
our
 
products
 
can
 
be
 
found
 
on
 
our
 
website
 
at
www.everestre.com