Everest Re launches $1bn+ equity raise as it targets existing business line expansion

Everest Re has commenced an underwritten public offering of 3 million common shares that should boost the Bermudian’s common equity by over $1bn which the (re)insurer said could be used to expand existing business lines, a move that follows CEO Juan Andrade recently suggesting “strong market conditions” in reinsurance will continue through 2023 and into 2024.

 

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