Everest Insurance, the insurance division of Everest Group, has launched a new wholesale brand in the US called Everest Evolution.
According to Everest Insurance, the move is in response to growing demand for access to its products in the US excess & surplus lines sector, which makes up roughly 10% of the country’s total direct insurance premium.
Everest Evolution’s launch comes on the heels of Stephen Buonpane and Danielle Stewart’s appointments as president and chief operating officer, respectively, of the brand.
Explaining the rationale behind the business decision, Buonpane said, “We built Everest Evolution from the ground up with branding that reflects Everest’s 20-year track record and deep commitment to serving the wholesale market.
“We believe that the new brand perfectly captures Everest’s reputation as a nimble and trusted partner, constantly adapting to and evolving alongside our clients’ needs in the rapidly shifting risk environment.”
Everest Evolution is set to make its formal market debut at the Wholesale & Specialty Insurance Association’s Annual Marketplace this month. The brand’s rollout includes a new website, www.everestevolution.com, along with updated branding elements.
Bill Hazelton, executive vice president of Everest Insurance and president of North America insurance, emphasized the brand’s focus on the wholesale sector, stating: “As the brand signifies, our wholesale customers and brokers deserve a partner like Everest that will never stand still.
“We are deeply invested in growing with the dynamic wholesale market, and providing exclusive, ‘one-stop-shop’ access for all of our excess & surplus insurance products and services.”
What do you think about this story? Share your thoughts in the comments below.
