Everest Re Brexit subsidiary in Ireland eyes growth in UK

Everest Insurance Ireland (EIID), the Dublin-based non-life insurance subsidiary of Everest Re Group, has opened a branch office in the UK to expand its international capabilities and service UK clients.

While Everest has operated as reinsurer in Ireland since 2009, EIID was formed in Dublin in 2017 to enable the re/insurer to operate throughout the European Union under a single regulatory framework after Brexit.

The UK branch is authorised to write general insurance classes including goods in transit, fire and natural Forces, damage to property, general liability, credit, suretyship and miscellaneous financial loss.

EIID is led by CEO Linda Ryan, who manages the strategy and operational development of the company.

“After a successful launch in Dublin, we are looking forward to expanding to the United Kingdom,” said Ryan. “We are confident that our innovative products, flexibility and knowledgeable underwriters will be a great asset to our new United Kingdom clients.”

Everest Insurance International CEO Vincent Vandendael added: “This is an important step as Everest continues to expand our international capabilities.The United Kingdom is a strategic choice and a logical location for our next branch. We’re intent to prove ourselves a valuable asset to the UK insurance community.”