Everest Insurance creates new transport/logistics segment

Everest Re Group subsidiary Everest Insurance has launched a new transportation and logistics business segment.

Led by Jeff Engelbrecht the segment will offer customers multiple lines of coverage, including workers’ compensation, employers’ liability, and up to $5 million in capacity for automobile liability and general liability. The risk appetite will include all sectors of the transportation industry, with a focus on logistics, waste haulers, airlines, fixed-based operations, and various for-hire transportation services.

“We are excited to establish and develop a sustainable, high-quality casualty operation built to meet the needs of our clients in the transportation & logistics industry,” said Engelbrecht. “We believe this is an opportunity for us to add distinct value to this marketplace by combining underwriting excellence with a unique mix of loss control services, a deep set of complementary products, customized claims handling, and the Everest commitment of stability, leading financial strength and long-established credibility.”

The transportation and logistics group will leverage complementary products from across Everest divisions – including auto buffer and motor truck cargo legal liability – to create tailor-made offerings. It will also feature value added services specifically geared toward the transportation industry, including the mobile safety management platform ZERO.