Everest Re’s insurance unit launches in Latin America

The insurance unit of Bermuda-based Everest Re Group has launched in the Latin American market.

The company has secured approval from the Commission for the Financial Market (CMF) to operate in Chile under the name Everest Compañía de Seguros Generales Chile.

Pablo Korze, senior vice president and regional president of Latin America, will lead a team of underwriters operating from a flagship office in Santiago, Chile.

“As we continue to expand our Everest Insurance global footprint, we’re bringing our customer-first model, decades of underwriting discipline and financial strength to address the unique and growing needs of the Latin American market,” said Korze.

“We have assembled a deeply experienced team with a keen understanding of local market dynamics and challenges facing corporations who need the capacity and expertise across a wide expanse of insurance needs that Everest is known to deliver.”

Mike Karmilowicz, president & CEO, Everest Insurance, added: “Building on the success of our world-class specialty insurance operations, we’re bringing the full strength of Everest resources and capital position to key regions like Chile and around the world where our expertise is needed most.

“We are well-positioned, with first-class industry talent and a broad suite of specialty insurance products and capabilities to lead local corporate segments in Latin America, as we continue to expand our position as a preferred market leader.”