Everest Re Group, Ltd. continues to cooperate with the U.S. Securities and Exchange Commission in its investigation regarding Everest Reinsurance Holdings, Inc.’s loss mitigation insurance products.
In May 2005, the Company’s subsidiary, Holdings, received and responded to a subpoena from…
Syncora Holdings Ltd., on Aug. 8, 2008, along with Merrill Lynch and Merrill Lynch International, filed a joint stipulation dismissing the complaint and counterclaims in the litigation on the Company’s terminations of seven credit default swap contracts.
On March 19,…
Everest Re Group, Ltd. estimates that at June 30, 2008, the total cost to replace all annuities for which it was contingently liable in its business arrangement with The Prudential Insurance Company of America was US$174 million.
In 1993 and prior,…