Business Wire
17 Jun 2026, 12:30 UTC · 10h ago
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Everest Group has partnered with Stone Point Insurance Solutions to launch Annapurna Re Ltd., a Bermuda-based casualty reinsurance sidecar. — The creation of a sidecar allows Everest to increase underwriting capacity and offload risk without using its own balance sheet.
+0.30Annapurna is expected to deploy approximately $600 million of capital. — The specific scale of capital deployment indicates a material increase in casualty reinsurance capacity in the market.
+0.20Which stocks this story touches
The company is expanding its capabilities and deploying capital through a new casualty reinsurance sidecar partnership.
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