Who Is Everest? An Overview of Everest and our Valuable Services

Who Is Everest?

An Overview of Everest and

our Valuable Services

Presenters:

Elizabeth

Nicholas,

VP

Underwriting

and

Marketing

Christopher

Carucci,

VP

Claims

John

Hibben,

Director,

Loss

Control

The

information

presented

in

this

material

has

been

developed

from

sources

believed

to

be

reliable.

It

is

presented

for

informational

purposes

only

and

should

not

be

constructed

as

legal,

professional

or

business

advice.

Everest

National

Insurance

Company

and

its

affiliates

accepts

no

responsibility

for

the

accuracy

or

completeness

of

this

material.

It

makes

no

representations

or

warranties

of

any

kind

herein

and

disclaims

all

such

representations

and

warranties.

Neither

Everest

National

Insurance

Company

or

its

affiliates

will

be

liable

for

any

damages

alleged

to

be

caused

by

the

information

contained

herein.

It

recommends

you

consult

with

legal

counsel

and/or

other

professional

persons

before

applying

this

material.

This

information

is

solely

for

illustrative

purposes

and

does

not

constitute

a

contract.

Only

the

relevant

insurance

policy

can

provide

the

actual

terms,

Everest Re Group, Ltd.

Everest

is

a

leading

international

reinsurance

and

insurance

group

with

an

extensive

distribution

network

that

spans

five

continents.

With

roots

dating

back

to

1973,

as

the

former

reinsurance

arm

of

The

Prudential.

On

October

6,

1995,

The

Prudential

successfully

completed

an

initial

public

offering

of

100%

of

the

Company's

outstanding

stock

and

under

the

guidance

of

its

Chairman

and

CEO,

Joseph

V.

Taranto,

the

Company

has

become

a

leading

international

insurance

and

reinsurance

organization,

ranking

amongst

the

largest

reinsurers

in

the

world.

FINANCIAL

STRENGTH

RATINGS:

–

A+

A.M.

Best

–

A+

Standard

&

Poor’s

–

A1

Moody’s

–

AA

‐

Fitch

CHAIRMAN

&

CEO:

Joseph

V.

Taranto

PRESIDENT:

Dominic

J.

Addesso

CFO:

Craig

W.

Howie

Everest National Overview

National

and

its

affiliates

represent

the

primary

insurance

segment

of

Everest

Re

Group,

Ltd.,

offering

property,

casualty

and

specialty

lines

in

both

in

the

United

States

and

Canada.

Backed

by

solid

financials,

our

business

is

written

through

a

network

of

appointed

retail

agents

and

brokers,

wholesalers

and

program

administrators.

2012 Gross Written Premium by LOB

• $312 M‐Workers’ Comp 

• $276 M ‐Crop

• $190 M ‐Professional Liability • $123 M ‐Other Short Tail • $91 M ‐Accident & Health • $81 M ‐Other Liability

Programs

Everest is a leading insurer of program business with a history of proven success. Our products 

are designed to meet the specific needs of each customer and are modified to respond to 

changes in the evolving marketplace.

Program Profile

We look for programs that have demonstrated a profitable track record, show potential for growth, and have unique 

characteristics that set them apart from others in their industry. While our minimum premium requirements are flexible based on 

the individual characteristics presented by the program, each program must have enough critical mass to allow for profit when 

both losses and expenses are considered.

Everest Program Administrators are  integral to our success and we are committed to working together to bring the best possible 

products and services to the market. Our Program Administrators market, underwrite, rate, and issue policies on Everest's behalf. 

Some Program Administrators also perform loss control and handle claims Products & Services

We offer 50 state capabilities with a full array of claims and loss control services. Coverages including:

 Property 

 Inland Marine 

 Workers' Compensation 

 General Liability 

 Umbrella & Excess Liability 

 Commercial Automobile 

 Crime 

 Professional Liability 

Workers’ Compensation

Everest National's Western Regional Office offers monoline workers' compensation coverage to a 

wide variety of insureds. Our dedicated underwriting professionals possess the knowledge and 

expertise to provide the best options for clients in the mid‐size to large account range.  Customer Profile

We offer coverage for a broad array of workers' compensation classes. Our target customers have a low 

turnover and skilled workers with a sound wage base. We look for customers that demonstrate a willingness to 

improve safety within their work environment by implementing safety and loss control programs.  We also 

partner with strategic program administrators that specialize in targeted market segments such as 

Construction.

Products & Services

Monoline workers' compensation for California based insureds

Custom Medical Provider Network

Guaranteed Cost

Retrospective Rating Plans

Large Deductibles

50 State capability for writing monoline workers' compensation

A full array of Claim and Loss Control Services are provided

Everest HELPLINE ‐provides premium access to legal counsel services for employment and worker related 

questions

Property Facility

Everest's E&S Property Facility offers coverage arrangements for the underserved market with a 

focus on small to medium‐sized businesses. We have the unique underwriting expertise for 

properties with coastal exposures. Additionally, we offer building, personal property and time 

element for ISO construction classes 1‐6.

Products & Services

 Ground‐up, Primary or Excess Policies

 All Other Perils (AOP) or Wind only

 Deductible Buybacks

 Customized programs with different coverage 

features including Ordinance and Law, Time 

Element and Primary/Loss Limit

Customer Profile

 Apartments, excluding apartment hotels

 Churches

 Condominium associations and Commercial 

condominiums  Health/Medical Facilities  Hotel/Motel/Condotel  Offices  Real Estate  Restaurants

 Retail including strip mall

 Schools

 Vacant/Newer Construction

Environmental Facility

Everest has been a leader in underwriting a broad range of environmental insurance products in 

all 50 states for over 10 years. Our experienced underwriters partner with an exclusive network 

of wholesale producers to provide specialty coverage solutions for a wide variety of commercial, 

industrial, and environmental classes. We can provide Pollution Liability coverage on a package, 

monoline, or project‐specific basis. 

Our capacity is up to $6 million Minimum premiums range from $2,000 to $7,500.

Customer & Product Profile  General Liability

Environmental or abatement contractors, engineers, or consultants

Distributors or manufacturers of a wide variety of commercial, industrial, & environmental products who 

are seeking products pollution coverage

 Contractors Pollution Liability

Environmental or abatement contractors

General, trade, or restoration contractors

 Professional Liability

Environmental or abatement engineers or consultants

Casualty Facility

Everest's Casualty Facility offers primary and excess casualty products via the wholesaler 

distribution channel. We provide both admitted and non‐admitted paper for General Liability and 

Excess Casualty and admitted paper for Commercial Automobile & Workers' Compensation.  We 

have a limited access model providing those appointed wholesaler locations with a strong 

competitive advantage.

All underwriting is done in Everest National's home office in Liberty Corner, New Jersey.

Workers' Compensation

 Coverage available for most industry segments 

excluding USL&H, PEO/employee leasing and height 

exposures

 Minimum premium $25,000

Capacity

 $2m limit on Auto Liability, General Liability and 

Employers Liability

 $10m limit on Excess Casualty Products & Services

Account and monoline capability

Everest National (rated A+ XV) is licensed in all 50 states 

and District of Columbia

Regular usage of admitted paper on General Liability and 

Excess Casualty

Low/no deductible philosophy Underwriting Profile

General Liability & Excess Casualty

 Tougher Products (Manufacturing, Distributing, Importing, 

etc.)

 Commercial Real Estate (Office buildings, Warehouses, 

Malls, Shopping Centers, etc.)

 Habitational Real Estate (Apartments, Condominiums, 

Hotels, etc.)

 Commercial Construction

 Minimum premium $10,000 for each product (assumes 

$5m Excess Casualty limit)

Commercial Automobile

 Coverage available for most industry segments excluding 

trucking, taxi/black car and bussing

Everest Specialty Underwriters

Everest Specialty Underwriters, LLC (ESU) offers a suite of management and professional liability 

products to commercial and financial institutions of all sizes. ESU is comprised of experienced, 

seasoned underwriters as well as a dedicated, responsive specialty claim team. Underwriters have 

the capability to provide creative solutions backed by the financial strength of Everest Re Group, Ltd.

Financial Institutions

ESU's Financial Institutions Group offers a range of products to financial institutions including Banks, Broker Dealers, Insurance Agents, 

Investment Advisors, Mutual Funds, Hedge Funds, Real Estate Investment Trusts, Private Equity and Venture Capital Firms and 

Insurance Companies. Products include Directors & Officers Liability (ABC and Side A), Fiduciary Liability, Employment Practices Liability, Professional Liability and Financial Institutions Bonds. The Financial Institutions team is comprised of experienced 

underwriters with many years of combined experience in the market.  

Commercial Management Liability

ESU's Commercial Management Liability Group offers a full slate of management liability products to a variety of commercial 

businesses. Products include Directors and Officers Liability (ABC and Side A), Employment Practices Liability, Fiduciary Liability and 

Commercial Crime. The Commercial Management Liability team includes a seasoned team of underwriting professionals.

Claim Services

Our ESU Claim team is composed of dedicated professionals who have extensive management and professional liability lines claim 

experience and marketplace relationships. All claims are managed directly by this New York City based team.

Heartland Crop

Heartland Crop Insurance, Inc. was incorporated on February 29th, 2000 to assist the American 

farmer manage risk and make decisions to continue to preserve their financial future. Heartland 

has developed a wide network of partnerships with independent agents in over 25 states to bring 

their expertise and products to the marketplace. Everest acquired Heartland Crop Insurance, Inc. 

on January 3, 2011.  They have a network of over 1000 appointed independent.

Product & Services

 Heartland offers a wide range of crop 

products to protect farmers' crops.

 Full line of Multi‐Peril Crop Insurance Yield 

Insurance

 Revenue Protection

 Revenue Protection with Harvest Price 

Exclusion

 Group Risk Plan

 Group Risk Income Protection

 Pasture, Rangeland Forage

Non‐Federally Reinsured Farm Products

 Production Plan Hail Coverage

 Traditional Crop‐Hail Coverage

 Companion Hail Coverage

 Supplemental Coverage

Specialty Insurance Group

Customer Profile  Special Events   Amateur Sports   Motorsports 

 Amusement Parks & Water Parks   Family Entertainment Centers   Fairs, Festivals 

 Event Sponsors 

 Entertainment & Sports Venues   Professional Sports 

Insurance Products

 Contingency Coverages including:   Event Cancellation and Non‐Appearance   Prize Indemnity   Hole In One  General Liability   Commercial Automobile   Participant Accident   Property   Inland Marine   Professional Liability   Excess / Umbrella 

Specialty Insurance Group, (SIG) is the newest member company of Everest Re Group, Ltd.  Their 

focus is on the sports and leisure market.  They provide their clients with comprehensive 

insurance products and services that address the complex risk management challenges of 

today's world. This is accomplished by their knowledgeable and experienced staff who have 

developed insurance products for some of the most highly visible sports and entertainment 

events in the world.

Everest Insurance Company of Canada

Licensed in all Canadian provinces and territories and backed by the financial strength of the 

Everest Re Group, Everest Insurance Company of Canada offers property, casualty and specialty 

lines insurance through a network of licensed brokers via its Premiere Insurance Underwriting 

Services and Management Liability divisions.

Whether it’s an amateur sports association, a casino, an editing facility or the local fair, their 

expertise in specialized and unique entertainment risks has enabled them to become the Insurer 

that brokers in Canada turn to when designing insurance programs for their entertainment, 

sports and leisure clients.

With offices in Toronto and Vancouver, our specialized underwriting teams apply years of 

experience, knowledge of the marketplace and specialty expertise to develop comprehensive 

insurance solutions for our customers. Everest Insurance Company of Canada is rated A+ 

(Superior) by A.M. Best.

Customer Profile Sports & Leisure 

Special Events & Performing Arts  Leisure & Recreational Activities  Sports & Fitness 

Venues  Multimedia  Film & Television 

Insurance Products

 Commercial General Liability 

 Package Policies for all lines of business, including 

specialty  package policies   Errors and Omissions   Non‐Profit Directors and Officers   Event Cancellation 

 Participant Accident   Umbrella, Excess Liability 

Everest National Contacts

Brian Drum Senior Vice President Tel: (908) 604‐7004 [email protected]

WORKERS’COMPENSATION

Gary Mathewson Regional Vice President Tel: (714) 371‐9688 [email protected] PROPERTY FACILITY Tracy Upton Vice President Tel: (813) 269‐6979 [email protected] HEARTLAND CROP Mike Miller Chief Executive Officer Tel: (888) 789‐5566 (toll free)

[email protected]

SPECIALTY  INSURANCE GROUP

David Harris Senior Vice President Tel: (317) 853‐7043 [email protected] EVEREST CANADA Heather Moyer Marketing Manager Tel: (416) 480‐7349 [email protected] ENVIRONMENTAL FACILTIY Jeff Foering Vice President Tel: (908) 604‐7249 [email protected] CASUALTY FACILITY Carl Berntsen Senior Vice President Tel: (908) 604‐3168 [email protected]

EVEREST SPECIALTY UNDERWRITERS

John Iannotti Senior Vice President Tel: (646) 746‐2714

[email protected]

Everest National Insurance Company

Claim Department

Everest National's Claim Department is the source of claim 

expertise and claims‐related services to our business partners 

and our clients. We deliver these services, efficiently, 

proactively and in innovative ways in order to achieve the best 

claim outcomes.

Everest National Claims



Multiline Claim Department



TPA’s

and

Direct

Handle

Claims

Management



Focused on loss mitigation and quality customer service



Experienced and technically proficient claim staff



Litigation Management



SIU



Subrogation

Everest National Insurance Company

Claim Department

Headquartered

in

Liberty

Corner,

NJ



Regional

Claim

offices



New

York,

NY



Oakland,

CA

Claim Management Model

Depending upon the line of business, we can handle 

insurance claims directly or proactively manage them 

through Third Party Administrators (TPAs). When claims are 

handled by TPAs, the Everest Claim Staff manage them 

through delegated claim authorities (both financial and 

operational) and mandated claim handling requirements, 

subject to semi‐annual claim audits and meaningful 

oversight.

Everest National

Claim Management Team

Christopher Finneran SVP Claim David Matthiessen  VP P & C Programs

TPA Administered Claims Auto, GL, Property,  Professional Liability Lisa Simone  VP Workers’  Compensation TPA Administered  WC Claims, Managed 

Care & Subrogation

Christopher Carucci 

VP Litigation & Technical 

Services 

Direct Handle Primary & Excess Liability 

Claims, SIU, Litigation 

Management Michael Morales VP Everest Specialty  Underwriters  Direct Handle Financial Institution and 

Commercial Management 

Liability Claims D&O, E&O, EPLI

Kate Warnebold 

Director Claim Operations

Customer Support, Direct 

Handle FNOL’s, Payment 

Processing, Systems 

TPA Management



Everest

National

engages

both

independent

and

MGA

affiliated

TPA’s



Our

TPA’s

primarily

handle

high

frequency,

low

severity

AL,

GL,

Property

and

Workers’

Compensation

claims



Claims

are

reported,

handled

and

processed

thru

TPA’s

subject

to:



Delegated

financial

authority



Biannual

claim

audits

and

routine

focused

reviews



Monthly

data

interfaces

from

TPA

Claim

Systems



Everest

retains

exclusive

authority

on

coverage

denials



Complex

and

high

severity

claims

are

actively

managed

by

Everest

National

Claim

Staff

Direct Handle Claims

For

certain

lines

of

business,

which

are

often

underwritten

by

Everest

National

underwriters,

we

have

an

experienced

team

of

claim

professionals

that

directly

handle

the

claims



General

Liability



Excess

Liability



Directors

&

Officers

Liability



Errors

&

Omission

Liability



Professional

Liability



Employment

Practices

Liability

WC Claim Trends & Cost Drivers



Litigation



Pharmaceuticals



Return

to

Work

programs



CA

reforms

Property & Casualty Claim Trends

Jury

Verdicts



Public

Entities

Litigation Management



Dedicated

defense

panel



Dedicated

vendor

panel



Electronic

billing

by

counsel

– allows

for

ALAE

management



Audits

SIU…Special Investigation Unit



Independent

Unit

which

operates

separate

and

apart

from

the

normal

claims

function.



Members

qualified

by

training,

education

and

experience.



Responsible

for

the

detection

and

investigation

of

all

identified

suspicious

files

through

both

hands

‐

on

and

external

vendor

management.



Ensures

statutory

compliance

with

the

mandated

reporting

of

suspect

matters

and

annual

reports

to

specified

agencies.



Utilizing

internal

and

external

resources,

provides

fraud

interdiction

training

to

claim,

underwriting

and

field

support

staff.



Acts

as

liaison

with

other

industry,

law

enforcement

and

intra

‐

company

personnel.



Supports

defense

counsel

in

the

preparation

of

file

defense

and

may

serve

as

an

Subrogation



Responsible

for

country

wide

subrogation



Dedicated

staff



Expertise

in

multiple

lines

of

business



Skilled

in

numerous

jurisdictions



Direct

handle

and

outsourced

subrogation

and

collection

services



Continual

results

that

exceed

the

industry

benchmarks

Everest Loss Control Services

Reduce

the

Cost

of

Risk

0

2

4

6

8

10

Year

1

Year

2

Year

3

Year

4

Claims

Everest

Loss

Control

Goals:

Consistently

Deliver

Customized,

Results

‐

Focused

Service

that

Meets

Your

Needs

and

Exceeds

Expectations

Provided

Through

Qualified

Consultants

Managed

by

Everest

Loss

Control

Broad

Portfolio

of

Services

Assured Service Quality

Consultant Qualifications

•

Pre‐Qualified & Authorized 

•

Professionalism, Training, 

Education, & Experience

•

Skills clearly defined

•

Quality Assurance Efforts

•

Everest’s Loss Control Team

Service Delivery

•

Customized 

•

Nationwide capabilities

•

Specialty Services

•

Focused to Achieve Results

•

Recommendations

•

Flexible

Sampling

of

Available

Services

•

Risk

Assessment

•

Risk

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Everest Loss Control

Len

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CSP,

ARM

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ARM

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Arrison

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CIH,

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Kovalick,

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West

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Director

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Thomas

McKeon,

ARM

Southeast

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Robert

McCabe,

ARM,

ALCM,

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Northeast

Director

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Everest

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