Everest completes ~$1.5bn capital raise
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Everest completes ~$1.5bn capital raise

Thorsten Schier
19 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
everest logo stock exchanges.jpg

Everest Re Group has completed a fully subscribed offering of 4.14 million shares at $360 per share for net proceeds of ~$1.5bn, confirming earlier reports from this publication.

The company reiterated that it will use the proceeds for general corporate purposes, including expanding its existing business lines and operations.

This

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Everest
thorsten schier/thorsten schier II red.png
Thorsten Schier
Managing Editor, Insurance Insider US
Contact
Gift this article