Everest Reinsurance Division Promotes Harald Jacobsen and Mark Wallace to Key International Leadership Roles

WARREN, New Jersey - September 15, 2022 - Everest Reinsurance, the reinsurance division of Everest Re Group, Ltd. (NYSE: RE) today announced the promotions of two key leadership roles in its International division. Harald Jacobsen has been appointed Senior Vice President, Head of Continental Europe, and pending regulatory approval, he will also assume the role of Branch Manager Zurich of Everest Reinsurance Company Ireland dac. Harald will be based in Zurich and reporting to Artur Klinger, Head of International Reinsurance. Mark Wallace has been appointed Vice President, Head of Longtail and Deputy CUO, reporting to Paul Tester, Head of UK Branch and Chief Underwriting Officer.

"Harald and Mark have been instrumental in expanding our portfolio, capabilities and offerings in the U.K. and Continental Europe," said Jim Williamson, Everest Group COO and Head of Reinsurance. "Both are seasoned leaders with deep local market expertise and relationships who will continue to bring the highest standards of service and support our partners' unique and evolving needs in today's global market."

In his new role, Harald will oversee Everest's reinsurance business across Continental Europe, including specialty classes Marine and Credit & Surety. He will also be responsible for extending the specialty class offerings to clients outside the continent, creating synergies across the international business units. Harald joined Everest in 2021 as Head of Western Europe & Property where he successfully built the reinsurance team and focused on strengthening the company's property underwriting in Europe. Prior to Everest, he led the Zurich Office of Chubb Tempest Re where he oversaw its profitable international property book. Harald began his career in reinsurance as underwriter for NewRe in Geneva writing UK, Irish and Nordic business. He holds a business degree from the Queensland University of Technology.

In his new role, Mark will focus on further diversifying Everest's Casualty and Motor portfolios. Previously, as Everest's Senior Casualty Underwriter, Mark played a key role in the growth of the London Casualty Treaty portfolio, with a proven track record for developing high performing teams. Prior to joining Everest, Mark spent nearly a decade at Hiscox as Head of Pricing for Specialty classes where he was focused on a broad range of classes of business. He holds a History degree from Royal Holloway University of London and is a Fellow of the Institute of Actuaries.

"Harald and Mark's promotions build on Everest's global leadership position and reinforce our commitment to providing clients and distribution partners with the best-in-class solutions and reliability they expect from our team of market experts," said Artur Klinger, Head of International Reinsurance. "Their appointments reflect our investment in the ongoing growth of our extraordinary talent, and I look forward to continuing to work closely with both of them as we advance our global strategy."

About Everest Re Group, Ltd.

Everest Re Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, 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