Everest Re Group, Ltd. (NYSE:RE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
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DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS |
On January 3, 2017, the registrant entered into an Employment
Agreement effective January 1, 2017, with Sanjoy Mukherjee as
Executive Vice President, General Counsel, Chief Compliance
Officer and Secretary of Everest Re Group, Ltd. A copy of the
Employment Agreement is filed herewith as Exhibit 10.1 and
incorporated herein by reference. The material terms of the
Employment Agreement are as follows:
Term: January 1, 2017 through and including January 1, 2020.
Annual Salary: $500,000 per year.
Annual Incentive Bonus: Eligible to participate in an executive
performance bonus program or plan established by the Board of
Directors, with such program or plan subject to approval of
shareholders.
Executive Stock Based Incentive Plan: Eligible to participate
in Executive Stock Based Incentive Plan.
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ITEM 9.01 |
FINANCIAL STATEMENTS AND EXHIBITS |
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(c) |
Exhibits |
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Exhibit No. |
Description |
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10.1 |
Employment Agreement with Sanjoy Mukherjee dated January 3, 2017 |
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About Everest Re Group, Ltd. (NYSE:RE)
Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company’s segments include U.S. Reinsurance segment, International segment, Bermuda segment, Insurance segment and Mt. Logan Re segment. It underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. It offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage’s, including marine, aviation, surety, errors and omissions liability (E&O), directors’ and officers’ liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers’ compensation. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. and Mt. Logan Re Ltd., among others. Everest Re Group, Ltd. (NYSE:RE) Recent Trading Information
Everest Re Group, Ltd. (NYSE:RE) closed its last trading session up +1.04 at 218.82 with 241,236 shares trading hands.
