Bermudian-based Everest Re Group Ltd has launched a new transportation and logistics business segment within Everest Insurance, led by Jeff Engelbrecht.

It will offer customers multiple lines of coverage, including workers' compensation, employers' liability, and up to $5 million in capacity for automobile liability and general liability.

Mr Engelbrecht said: “We are excited to establish and develop a sustainable, high-quality casualty operation built to meet the needs of our clients in the transportation and logistics industry. We believe this is an opportunity for us to add distinct value to this marketplace by combining underwriting excellence with a unique mix of loss control services, a deep set of complementary products, customised claims handling, and the Everest commitment of stability, leading financial strength and long-established credibility.”