{"schema_version":"secwatch.filing_event.v1","accession":"0001095073-25-000079","form_type":"8-K","ticker":"EG","cik":"0001095073","company_name":"EVEREST GROUP, LTD.","filed_at":"2025-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.778872+00:00","generated_at":"2026-05-17T02:08:38.947713+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Everest secures $1.2B adverse development cover for North America insurance reserves","bullets":["Transaction provides $1.2B gross limit against adverse reserve development on Insurance North America policies for accident years 2024 and prior.","Two layers: $700M first layer (transfer $1.25B in-the-money reserves) and $500M second layer (~$122M consideration).","Everest retains $100M co-participation in each layer; sole authority to handle and resolve claims.","Q4 2025 incurred loss of ~$122M from second-layer consideration; agreement effective Oct 1, 2025.","Gallagher Re acted as sole structuring agent; supported by Longtail Re (Stone Ridge affiliate)."],"urls":{"canonical":"https://secwatch.observer/filing/0001095073-25-000079","json":"https://secwatch.observer/filing/0001095073-25-000079.json","markdown":"https://secwatch.observer/filing/0001095073-25-000079.md","text":"https://secwatch.observer/filing/0001095073-25-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1095073/000109507325000079/0001095073-25-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1095073/000109507325000079/everestre-20251026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:08:38.947713+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}