Everest Announces Sale of Certain Assets of EverSports and Entertainment Insurance® to Ryan Specialty

Everest Group, Ltd. (“Everest”) announces strategic agreement to sell certain assets of EverSports & Entertainment Insurance® (“EverSports”) to Ryan Specialty, LLC (“Ryan Specialty”)

• Terms of the transaction have not been disclosed

EverSports is an MGU serving customers in the Sports, Leisure, and Entertainment market

• Everest will continue to support the business and customers through the transition

Everest (NYSE: EG) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance
solutions that address customers’ most pressing challenges

• Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide

Ryan Specialty (NYSE: RYAN) is a service provider of specialty products and solutions for insurance brokers, agents, and carriers

• The firm provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a
  managing underwriter with delegated authority from insurance carriers

HCMA acted as exclusive financial advisor to Everest; key roles and responsibilities included:

• Assistance in preparing EverSports’ financial projections
• Provided guidance around prospective capacity arrangements for the EverSports business
• Created marketing materials and financial packages shared with potential buyers
• Advised on negotiating key transaction terms and conditions including ultimate deal structure
• Managed an organized due diligence process
• Provided objective advice and acted as a confidant to Everest throughout the process