The Company was formed in 1986 at a time when the commercial markets had ceased to provide adequate D&O and excess liability insurance coverage for energy industry risks. The need for a new industry owned vehicle specializing in liability insurance was recognized by concerned members of the energy industry. Everen Specialty Ltd. is currently a Bermuda based Class 3B licensed insurer operating as an insurance and reinsurance company providing various forms of coverage for a broad array of industries with a focus on the energy industry.

Everen Specialty Ltd. is incorporated and domiciled in Bermuda, a major international business center.