title: Everest Group
text: # Everest Group
  
  Everest Group, Ltd. is a Bermuda-based provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories.
  
  ## History
  
  In 1973, Everest Re Group was founded as Prudential Reinsurance, a subsidiary of Prudential Financial. In the 1990s, Prudential Financial considered selling or spinning off Prudential Reinsurance. On October 6, 1995, Prudential Reinsurance completed an IPO. The chairman and CEO at that time was Joseph V. Taranto. Prudential Reinsurance was renamed Everest Re in 1996, after Mount Everest. In 2017, Everest Re became a S&P 500 component.
  
  ## Business
  
  Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
  
  ### Expanded history
  
  * Early years as Prudential
  * Founded in 1973
     * Financial Services
     * Reinsurance Arm
  * 1996 renaming to Everest Reinsurance
  
  ### Business segments
  
  * Reinsurance
  * Insurance
  