Business insurance

Everest signs the UN Principles for Sustainable Insurance

HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. (“Everest”) today announced that it has become an official signatory of the United Nations Principles for Sustainable Insurance (“PSI”), a global framework for a sustainable insurance industry developed through a partnership between executive risk management and the United Nations Environment Program Finance Initiative. The company is one of 12 companies in the insurance industry based in Bermuda or North America to have signed up to the United Nations Principles which ensure better management of environmental, social and governance (“ESG”) issues and strengthen the insurance industry’s contribution to building a resilient, inclusive and sustainable society.

“Everest is proud to be a signatory to the United Nations Principles for Sustainable Insurance and to advance a responsible and inclusive culture governed by our purpose and values,” said Juan C. Andrade, President and CEO of Everest. . “Today’s risk management landscape is dynamic, complex and increasingly interconnected. We need more innovation across the entire value chain to effectively tackle climate change. Everest is committed to providing sustainable risk solutions that drive further progress on this important issue.

Signatories to the Principles for Sustainable Insurance commit to focusing on integrating ESG into business strategy and risk management procedures, as well as working with customers, suppliers, regulators, governments and other key stakeholders to raise awareness and drive action on ESG issues. SPI signatories also commit to regularly disclosing progress in implementing the principles.

In addition to PSI, Everest was among the first Bermuda-based (re)insurers to become a signatory to the United Nations-backed Principles for Responsible Investment (“PRI”), the world’s leading promoter of responsible investment. As a result, nearly 79% of Everest’s total assets are managed by other UN-PRI members, including approximately 94% of its fixed income assets, which make up the majority of the company’s investment portfolio.

Everest’s commitment to PSI reflects the company’s recognition of the impact of climate change on the global environment and its stated goal of achieving a zero-emissions workplace in all global offices here. 2050. The company’s new US headquarters in Warren, New Jersey achieved LEED Silver status in October 2021 and will report further progress in its comprehensive corporate responsibility report to be released later this year.

For more information on the UN Principles for Sustainable Insurance, visit: https://www.unepfi.org/psi/.

About Everest Re Group, Ltd.

Everest Re Group, Ltd. (NYSE: RE) is a leading global provider of reinsurance and insurance, operating for nearly 50 years through subsidiaries in the United States, Europe, Singapore, Canada, Bermuda and other territories. Everest offers P&C, P&C and specialty insurance products through its various operating subsidiaries located in key markets around the world. Additional information about Everest, our people and our products can be found on our website at www.everestre.com. Not all card companies can do business in all jurisdictions.