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WARREN, New Jersey – June 10, 2024 – Everest Insurance®, the insurance division of Everest Group, Ltd. (NYSE: EG), today announced Stephen Buonpane has joined the Company in the newly-created role of Senior Vice President, Casualty Specialty Lines and Industry Practices, reporting to Bill Hazelton, Head of Retail Casualty and Industry Practices, Everest Insurance® North America.
Mr. Buonpane will be responsible for leading the growth of Everest’s Casualty Specialty Lines, including Energy, Life Sciences, and Environmental, while further expanding the Company’s Industry Practices group. This role supports Everest’s strategy of diversifying its industry vertical expertise for an enhanced broker and client experience across multiple risk management products.
“I have known Stephen for many years, and he has long been a respected authority in specialized risk management,” said Bill Hazelton. “Having grown a successful tech-enabled MGU that pioneered innovative insurance products and digital solutions for commercial construction clients, he understands the dynamics and expectations of complex and highly specialized businesses.”
With extensive experience in casualty insurance, industry practice development, and cross-selling strategy implementation, Mr. Buonpane joins Everest following an impressive career spanning some of the world’s largest global insurance providers. Following a tenure as EVP, Construction Industry Practice Leader with Chubb, he became Co-Founder and Chief Insurance Officer for Shepherd, catering exclusively to the prosperous yet hazardous commercial construction space, creating technology solutions to enhance underwriting processes and risk assessment.
“Everest’s innovative culture and reputation for underwriting discipline have helped us attract the best talent in our industry, and Stephen is a prime example,” added Mike Mulray, President, Everest Insurance® North America. “His track record of creating new partnerships, enhancing profitability, and delivering world-class expertise perfectly aligns with our client-first approach and vision to become the market’s preferred casualty and industry practice-focused carrier.”
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) 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.everestglobal.com.