Everest Insurance launches in Asia from Singapore platform

Everest Insurance, the Insurance division of Everest Re Group, has entered the Asian market after receiving regulatory approval from the Monetary Authority of Singapore to operate in Singapore.

The entity, which will trade as  Everest Insurance Singapore, will be headquartered in Singapore. Ben Carey (pictured), senior vice president and regional head of insurance in Asia, will lead operations and a team of seasoned underwriters.

Everest said the Singapore office will provide risk solutions in key sectors including commercial property, energy/power and construction, casualty, financial lines, accident and health.

“The insurance market in Asia is rapidly evolving and presents a significant opportunity to bring to this region the financial strength, underwriting discipline, and innovation  Everest Insurance is known for delivering,” said Carey.

“Our office in Singapore has an agile, collaborative culture that will enhance the reputation  Everest has earned for its superior customer service and vast underwriting expertise. Backed by the power of  Everest’s financial strength and expanding global network, we are well-positioned to provide clients and brokers with the solutions and local service they need, delivered with consistency and reliability. I look forward to growing our global footprint across Asia.”

Adam Clifford, co-lead of  Everest Insurance International added: “As part of our international growth strategy, we are excited to bring the underwriting expertise and a set of core P&C Product offerings to this region. We have identified an opportunity in the marketplace in Asia and, as part of our  Everest Insurance International expansion, we are poised to bring a credible market offering to Asia to help our clients and brokers.”

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