Everest Group has introduced the elevation of Jim Williamson to supervise its reinsurance and insurance coverage operations.

Williamson presently holds the place of Everest’s EVP, group chief working officer, and head of the reinsurance division. In his new, broader function, Williamson can even oversee the insurance coverage division, collaborating carefully with Jill Beggs, the newly appointed chief working officer of reinsurance, and different world insurance coverage leaders inside Everest.

Earlier than becoming a member of Everest, Williamson held varied senior roles at main world insurance coverage companies similar to Chubb, ACE, The Hartford, and Bain & Firm.

“I look ahead to working with my reinsurance and insurance coverage colleagues on this capability as we proceed to advance Everest’s sturdy tradition of working excellence and ship main monetary returns to our shareholders,” Williamson stated.

Juan C Andrade, president and CEO of Everest, praised Williamson’s complete experience and management qualities.

“Jim is a wonderful govt, a multi-faceted operator, and consummate underwriter with a report of constructing finest at school companies,” Andrade stated. He additionally highlighted Williamson’s instrumental function in Everest’s evolution right into a globally acknowledged firm and his completely suited property & casualty expertise for guiding Everest’s world portfolio into its subsequent section.

New chairman of world insurance coverage

Along with Williamson’s promotion, Everest has appointed Mike Karmilowicz as chairman of Everest World Insurance coverage. On this capability, Karmilowicz will spearhead Everest’s world insurance coverage technique and oversee key strategic initiatives. He’ll proceed to report on to Andrade.

Karmilowicz shared his eagerness for the function, noting the promising way forward for Everest insurance coverage and his dedication to advancing the corporate’s mission and world technique.

Andrade expressed his confidence in Karmilowicz’s new function, emphasizing his vital contributions to shaping Everest’s major insurance coverage enterprise and increasing its capabilities, notably in North America.

“Mike’s business expertise and expertise, coupled with Jim’s world experience can be invaluable as we proceed constructing a premier, high-margin world insurance coverage firm,” Andrade stated.

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