Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has expanded its European presence with the opening of branch offices in Paris and Düsseldorf.

Both are branches of Everest Insurance (Ireland) DAC.

Plans for a third European branch opening in Madrid are under way for later this year, the company said.

Mike Karmilowicz, president and CEO, Everest Insurance, said: “Our international expansion is driven by an intentional focus to continue to diversify our business and grow in a robust global market with tremendous need and potential.

“While clients and brokers face challenging and new emerging risks, Everest Insurance is bringing a new commitment to the European market.

“Backed by the full strength and capital of Everest, we are well positioned to deliver our customer-first model to these key markets, providing clients with access to first-class industry talent and the customised risk solutions they need.”

The newly established branches are led by Anne Charon, head of France, and Bernd Wiemann, head of Germany.

Everest’s Paris office will service key sectors including property, casualty, energy and construction, professional lines/indemnity, cyber, accident and health, credit and surety, and financial lines.

Everest’s Düsseldorf office will service key sectors including commercial property, casualty and financial lines of business.

The European expansion of Everest’s primary insurance operations follows its recent entrance into the Latin American and Asia-Pacific markets and continues the advancement of its international expansion strategy.