Everest Insurance Ireland, dac (EIID), a subsidiary of Everest Re Group has announced the opening of a new office in the UK to expand its international capabilities.
EIID was formed in 2017 in Dublin to operate across the European Union (EU) under a single regulatory framework after the UK departs from the EU. Linda Ryan, CEO, leads the establishment and manages the strategy and operational development of the company.
The UK branch has been given authorisation to write general insurance classes including goods in transit, fire and natural forces, damage to property, general liability, credit, suretyship and miscellaneous financial loss.
Ryan, CEO Ireland said: “After a successful launch in Dublin, we are looking forward to expanding to the United Kingdom. We are confident that our innovative products, flexibility and knowledgeable underwriters will be a great asset to our new United Kingdom clients.”
Vincent Vandendael, CEO of Everest Insurance International, also commented: “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,” he added. “We’re intent to prove ourselves a valuable asset to the UK insurance community.”