Everest Re to expand contingency business

Bermuda-based reinsurer Everest Re Group Ltd.'s unit plans to expand its global contingency insurance business, The Royal Gazette reported. Lowery Robinson, vice president of Everest Contingency, said that the reinsurer is bringing together various platforms including Everest Specialty Underwriters and its Lloyd's of London unit Everest Syndicate 2786 under one umbrella. Everest provides contingency insurance covering event cancellation and non-appearance among other specialty products.

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