Everest Reinsurance Holdings, Inc.

Corporate Bias Rating

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Risk Level:

Medium Risk

Summary:

Everest Reinsurance Holdings often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Everest Reinsurance Holdings occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level

Rationale

Everest Reinsurance is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (1). The company partners with the National African American Insurance Association, the International Association of Black Actuaries, the Diversity and Inclusion Center for Equity (“DICE”), and Grace Hopper to prioritize diversity in recruitment and hiring (2). However, it has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

N/A

Rationale

Everest Reinsurance does not publish charitable giving guidelines (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level

Rationale

Everest Reinsurance does not provide viewpoint protections for its employees (1). The company partners with Blue Ocean Brain to offer bias awareness training to its employees (2).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Everest Reinsurance supports DEI within its business practices as “DEI efforts [are] a critical focus of the company’s path forward” (1). Otherwise, it has not supported ideological causes or policies (2)(3).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Everest Reinsurance expanded its gift matching program in June 2020 to support charities that “support the fight against social injustice, inequality, racism, and discrimination” and itself made a donation of $200,000 split between the NAACP and the Equal Justice Initiative (1). The company sponsored the Dive In Festival, an event focused on DEI causes (2). Otherwise, there are no publicly known cases of Everest Reinsurance using corporate funds to advance ideological causes, organizations, or policies (3).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

Everest Reinsurance does not operate a PAC or engage in lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.