An Honest Everest Reinsurance Company Review

Another name that comes to mind while searching for Medicare Supplement plans is Everest Reinsurance Company. This company appears as the best option when we consider its financial strength. However, we should consider the complete Everest Reinsurance Company review to know if its insurance has some value or not.

Everest Reinsurance Company.

Everest Reinsurance Company- An Overview

Often known as Everest Re Group, this company started its operations in 1973 as Prudential Reinsurance. As the name suggests, the company doesn’t limit its services to insurance, rather it also offers reinsurance services to its industry peers.

It enjoys impeccable financial history (as we can see in the following sections). However, its customer relations are not considered up to par by some of its existing clients.

Financial Strength

This company’s biggest friend is its financial ratings. It has gathered a commendable rating of A+ from AM Best and S&P. At the same time, it’s credit rating from Moody’s stands at A1. All these ratings confirm that the company has maintained its assets well. Also, there appears to be a healthy balance between its assets as well as liabilities.

Business Performance and Customer Care

Customer care makes the most crucial factor in the success and credibility of any business. The same holds true for Everest Reinsurance Company. This company, however, shows numerous weaknesses in the areas of customer care. Everest Re Group, which is not affiliated with the Better Business Bureau, attracts claims of misinformation, complex documentation, and lack of enough coverage.

Its Medigap plans attract marginally better reviews than its other services; yet, the business can improve a lot in its operations and customer management areas.

Variety of Services

Other than reinsurance, its insurance services for individuals include property, accident, and health insurance products. It also offers Medicare supplement plans.

Wrap Up

This review suggests that if you are considering buying Medicare supplement plans, you may find that this company is a reasonable choice. For other insurance services, it is not a recommended option.

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