Our history

Everen was established in 1972 to address the increasingly unmet needs of the energy insurance market for capacity, coverage, and claims payment certainty. Featuring an innovative mutual structure and membership limited to companies in the petroleum industry, the organization started with just 16 members and shareholders’ equity of $160,000. Today, Everen has expanded to 71 shareholders, including traditional and alternative segments of the energy industry, and operates with close to $3.5 billion in shareholders’ equity.