Everest Group Partners with Stone Point to Launch $600M Reinsurance Project
Everest Group announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna, a Bermuda-based casualty reinsurance sidecar. Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. As part of the transaction, Annapurna is expected to deploy approximately $600M of third-party capital, providing dedicated reinsurance capacity to support Everest's global casualty and specialty reinsurance portfolios over a three-year underwriting period.
