Everest Insurance® Announces Buyout of Salus Systems, LLC
September 25 2019 - 4:15PM
Business Wire
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 the insurance industry’s first 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.
ZERO® emphasizes proactive safety management at every level of
an organization 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 Everest Insurance® Chief
Administrative Officer Bill Thygeson. “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.”
For more information, or to request a demonstration, visit
www.teamzero.com.
About Everest Re Group, Ltd.
Everest Re Group, Ltd. ("Everest") is a leading global provider
of reinsurance and insurance, operating for more than 40 years
through subsidiaries in the U.S., Europe, Bermuda and other
territories.
Everest offers property, casualty, and specialty products
through its various operating affiliates located in key markets
around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500
index.
Everest Insurance® markets property, casualty, specialty and
other lines of admitted and non-admitted direct insurance on behalf
of Everest Re Group, Ltd., and its affiliated companies. Salus is a
wholly owned subsidiary of Everest Reinsurance Holdings, Inc., a
subsidiary of Everest. Additional information about Everest, our
people, and our products can be found on our website at
www.everestre.com. All issuing companies may not do business in all
jurisdictions.
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Everest Re Group, Ltd. Jon Levenson, Head of Investor Relations
Investor.relations@everestre.com Phone (908) 604-3169
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