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Office openings in Madrid and Barcelona bring underwriting excellence and customized risk solutions to the local market
MADRID – January 31, 2023 – Everest Insurance®, the insurance division of Everest Re Group, Ltd. (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced its expansion into the Spanish market following regulatory approval from the relevant authorities to operate in Spain (trading as Everest Insurance (Ireland) DAC, Sucursal en España). The Spain branch is headquartered in Madrid, with another office opening in Barcelona, and operations are led by José Ramón Morales, Head of Spain.
“The Spanish market is quite sophisticated with a wide range of market exposures that require niche solutions Everest is well positioned to deliver,” said José Ramón Morales, Head of Spain. “We are entering Spain with a depth and breadth of innovative product offerings along with a high caliber of underwriters with a deep understanding of the local market’s needs, empowered to provide superior service to our clients and brokers.”
Everest’s Madrid and Barcelona offices will provide a bespoke range of insurance products and risk solutions for key sectors including property, casualty, medical malpractice, financial lines, energy and construction, accident and health, and cyber. Under the leadership of José Ramón Morales, Everest continues to build out its team of seasoned underwriters to best serve the evolving needs of the Spanish market and support the company’s continued growth.
“Building on 50 years of financial strength, our deep expertise, speed to market, and customer-first approach enables us to bring our world-class services and additional capacity to the Spanish market,” said Vincent Vandendael, CEO of Everest Global Markets®. “As we continue to expand our European footprint, I look forward to working closely with José Ramón and his team of highly skilled, agile underwriters to address the unique needs of this market.”
Today’s announcement comes on the heels of Everest’s primary insurance operations openings in France and Germany as well as its entrance into the Latin American and Asia Pacific markets and continues to advance its international expansion goals.
Click here for more information about the Everest Insurance (Ireland) DAC, Sucursal en España.
About Everest Re Group, Ltd.
Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
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