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Simplified structure and sharpened focus on deep domain expertise further distinguish Everest’s offering to benefit customers and trading partners
NEW YORK, New York - January 27, 2022 – Everest Insurance®, the specialty insurance division of Everest Re Group, Ltd., today announced the realignment of its U.S. Casualty businesses into a unified structure with three distinct segments: Wholesale, Retail, and Industry Specialties, under one leader.
This strategic realignment of the U.S. Casualty businesses will create greater distinction between the company’s Retail and Wholesale offerings and will better align Primary and Excess in the Retail sector. The change reflects the organization’s broader strategy to simplify and streamline across all major product lines with the people, technology, and infrastructure that best position Everest to meet the specific needs of its trading partners.
David Sandler has been appointed to the newly created role of President, U.S. Casualty, reporting directly to Mike Karmilowicz, President & CEO, Everest Insurance®, and will lead the strategic direction of the unified business.
“Our united U.S. Casualty business reflects Everest’s deep commitment to the evolving needs of the Retail and Wholesale marketplace, and best positions us with the speed, flexibility, and entrepreneurial spirit our clients and brokers have come to expect from Everest,” said Karmilowicz. “I look forward to working with Dave and our senior leadership team to fuel sustained growth in our casualty business and strengthen our specialized offering with targeted, channel-specific products and services that create more value in the market.”
David Sandler joined Everest in April 2016 after spending more than two decades in various casualty leadership positions at AIG. Sandler was most recently President of Everest’s Risk Management Group, which includes the Risk Management portfolio, as well as the company’s workers’ compensation, middle market primary casualty, energy, and multinational business units. He has been integral to the growth and success of Everest’s casualty portfolio to date and brings nearly 30 years of leadership and underwriting experience across various customer segments and industry specialties to his new role.
As part of the new U.S. Casualty organization, Mike Harnett has been appointed Chief Underwriting Officer, U.S. Casualty, reporting directly to David Sandler. Harnett joined Everest in October 2017 and brings more than 35 years of middle market, national accounts casualty, and relevant line of business industry experience. In his time with Everest, Harnett has been instrumental in building out Everest Insurance’s portfolio management, underwriting excellence, and governance frameworks. Michael Finnegan will continue in his role as Head of Wholesale Casualty, now also reporting directly to Sandler. Finnegan joined Everest in January 2021 and has more than three decades of experience in the insurance industry with deep casualty and wholesale domain expertise, including senior leadership roles spanning insurance and reinsurance. In his time with Everest, Finnegan has led the acceleration and awareness of Everest’s brand in the wholesale casualty space by simplifying processes, improving ease of use, and delivering a clear appetite and value proposition for its wholesale trading partners.
“Our customers want to work with Everest because we use our extensive resources and local knowledge to provide tailored offerings across a diverse and growing set of products, and with the streamlined structure for our U.S. Casualty offerings, we are ensuring our company is best positioned to deliver for our business partners,” added Sandler. “This move will build on our broad experiences to increase our speed to market, and most importantly, help us continue to deliver the highest standards of service.”
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.
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.