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The wholly-owned primary insurance subsidiary of Everest Re Group, Ltd., Everest Security Insurance Company (“ESIC”), has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown & Brown, Inc., under which ESIC will transfer certain assets associated with its non-standard automobile business to Arrowhead. 

Effective April 1, 2013, all of ESIC’s employees are becoming employees of Arrowhead and Everest is becoming the exclusive underwriter of the combined non-standard automobile book of business for Arrowhead. This alliance will grow Everest’s non-standard automobile business from $30 million to approximately $80 million under the combined book. 

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