Everest buys out joint-venture partner – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Everest buys out joint-venture partner

Everest Insurance announced today that the company has purchased all outstanding remaining shares of its joint-venture partner, Salus Systems, LLC. Salus, founded in January 2017, develops and markets a collaborative safety management platform, Zero, a modern-era workplace safety software application designed to engage employees while tracking, observing, and responding to potential hazards in real time.

Everest Insurance is part of Bermudian-based Everest Re Group Ltd.

Zero emphasises proactive safety management at every level of an organisation through a collaborative risk identification process, with the goal of lowering claims-related costs and streamlining workforce safety operations.

Its easy-to-use, interactive features allow all members to participate in the reduction of workplace hazards and take ownership of company safety.

New enhancements to the software also allow for incident management, OSHA compliance and reporting capabilities.

“The growth and development of the Zero platform over the past two years has been incredible – it is truly a revolutionary tool in the workplace safety market,” said Bill Thygeson, Everest Insurance's chief administrative officer.

“We are proud to provide clients with a product that can lead to both a tangible reduction in claims costs and an improvement in the safety and wellness of their employees.”

Bill Thygeson, Everest Insurance's chief administrative officer

You must be Registered or to post comment or to vote.

Published September 27, 2019 at 9:00 am (Updated September 27, 2019 at 9:12 am)

Everest buys out joint-venture partner

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon