Message #8 From:
NewsBot Date: November 27, 2006 02:23:00 PM
RE News Everest Re Group, Ltd. Appoints Craig Eisenacher Chief Financial Officer
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE:RE) announced today that it has appointed
Craig E. Eisenacher as Executive Vice President and Chief Financial
Officer effective December 18, 2006.
Mr. Eisenacher joins Everest from Bristol West Holdings, Inc. (NYSE:BRW)
where he holds the position of Senior Vice President and Chief Financial
Officer. He has extensive reinsurance and insurance experience having
held senior-level finance positions at General Reinsurance Corporation,
Prudential Reinsurance Company and American Re-Insurance Company. Mr.
Eisenacher is a graduate of Duke University and holds the Chartered
Property and Casualty Underwriter designation.
Mr. Joseph V. Taranto, Chairman and Chief Executive Officer, said “We
are very pleased to have secured an experienced executive of Craig’s
caliber and background to join the Everest team. His financial
management expertise and his strong business acumen will be instrumental
in the continued success of our organization.”
Mr. Eisenacher replaces Stephen L. Limauro who, as previously announced,
will be retiring after 33 years with the Company. Mr. Limauro will be
assisting during the transition period to ensure continuity.
This news release contains forward-looking statements within the
meaning of the U.S. federal securities laws.We intend these
forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements in the U.S. Federal securities laws.
These statements involve risks and uncertainties that could cause actual
results to differ materially from those contained in forward-looking
statements made on behalf of the Company.These risks and
uncertainties include the impact of general economic conditions and
conditions affecting the insurance and reinsurance industry, the
adequacy of our reserves, our ability to assess underwriting risk,
trends in rates for property and casualty insurance and reinsurance,
competition, investment market fluctuations, trends in insured and paid
losses, catastrophes, regulatory and legal uncertainties and other
factors described in our latest Annual Report on Form 10-K.The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Everest Re Group, Ltd. is a Bermuda holding company that operates
through the following subsidiaries: Everest Reinsurance Company provides
reinsurance to property and casualty insurers in both the U.S. and
international markets. Everest Reinsurance (Bermuda), Ltd., including
through its branch in the United Kingdom, provides reinsurance and
insurance to worldwide property and casualty markets and reinsurance to
life insurers. Everest National Insurance Company and Everest Security
Insurance Company provide property and casualty insurance to
policyholders in the U.S. Everest Indemnity Insurance Company offers
excess and surplus lines insurance in the U.S. Additional information on
Everest Re Group companies can be found at the Group’s
web site at www.everestre.com.
