Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has announced the opening of a new office in Gujarat International Finance Tec-City (GIFT City), India. This expansion comes after receiving regulatory approval from the International Financial Services Centres Authority (IFSCA). The new office will operate as part of Everest’s Asia Pacific Reinsurance business, led by Kevin Bogardus, Head of Reinsurance Asia and Pacific.
Jill Beggs, Executive Vice President and CEO, Reinsurance, stated: “Everest’s launch in India presents significant opportunity, as one of the most dynamic reinsurance markets globally, shaped by strong economic growth, and rising demand for the advanced, long-term reinsurance solutions we offer. We look forward to bringing our underwriting expertise, capital strength, and client-first culture to deliver long-term value to clients across Asia and globally.”
Kevin Bogardus added: “Everest has built strong relationships with many of India’s leading insurers over the years. Establishing a branch in GIFT City positions Everest to expand its partnerships with both local and multinational insurers, delivering tailored solutions to meet the evolving needs of this market.”
The company indicated that opening the GIFT City office is part of its broader strategy to diversify geographically and deepen engagement with local clients. The expansion aims to enhance offerings across property, casualty, and specialty reinsurance lines.
Everest Group operates globally as an underwriting leader in property, casualty, and specialty reinsurance and insurance solutions. With a history spanning 50 years in disciplined underwriting and risk management, Everest maintains a commitment to serving colleagues, customers, shareholders, and communities worldwide. Its common stock is listed on the NYSE under EG and is included in the S&P 500 index.
More information about Everest Group can be found at www.everestglobal.com.