Everest expands global footprint with new market entry

Everest Insurance, the insurance arm of Bermuda-based  Everest Re Group, has officially entered the Latin American market with a team of “seasoned” underwriters, having receiving approval from the Commission for the Financial Market (CMF) to operate in Chile under the name Everest Compañía de Seguros Generales Chile S.A.

The new entity will be led by senior vice president and regional president of Latin America Pablo Korze (pictured), with a team of seasoned underwriters.

The company believes it is now “uniquely positioned” to serve the growing needs of corporations across the Latin American market, with a flagship office in Santiago, Chile offering bespoke breadth of insurance products to “help fill a critical void for tailored risk solutions in the property, marine, casualty and financial lines sectors with the speed and agility required in the current insurance landscape.”

Korze said: “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.

“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 of 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.”

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