Everest Group Ltd.
Everest Group Ltd.
01/08/2024 | Press release | Distributed by Public on 01/08/2024 01:59
Everest Reinsurance Division Appoints Mark Wallace to Head of UK Branch and Chief Underwriting Officer
WARREN, New Jersey - January 8, 2024 - Everest Reinsurance, the reinsurance division of Everest Group, Ltd. (NYSE: EG), has appointed Mark Wallace Head of UK Branch and Chief Underwriting Officer, subject to regulatory approval. He is based in London and will report to Artur Klinger, Head of International Reinsurance. Mr. Wallace replaces Paul Tester who has been appointed SVP, Executive Advisory Director, International Reinsurance. Mr. Tester will continue as Head of UK Branch through the regulatory transition.
"Mark has been instrumental in elevating our UK business and is well positioned with extensive global liability and specialty reinsurance expertise and a strong relationship network to lead our growing business as we continue to deepen our foothold in the UK market," said Artur Klinger. "I want to thank Paul for his exceptional leadership over the past 16 years and look forward to working closely with both of them and our senior team to position us for future opportunity."
Mr. Wallace will be responsible for managing and directing the strategy and underwriting operations of the UK branch. He was most recently Everest Reinsurance UK's Deputy Chief Underwriting Officer and Head of Long Tail. He played a significant role in building out Everest's portfolio on a wide range of products from single line programs to multiline treaties for both Global and London market clients. Prior to Everest, Mr. Wallace spent a decade at Hiscox plc as Pricing Actuary and Head of Pricing, Transport, Energy and Recall. He earned a bachelor's degree in history from the Royal Holloway University and is a Fellow of the Institute of Actuaries.
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.
"Mark has been instrumental in elevating our UK business and is well positioned with extensive global liability and specialty reinsurance expertise and a strong relationship network to lead our growing business as we continue to deepen our foothold in the UK market," said Artur Klinger. "I want to thank Paul for his exceptional leadership over the past 16 years and look forward to working closely with both of them and our senior team to position us for future opportunity."
Mr. Wallace will be responsible for managing and directing the strategy and underwriting operations of the UK branch. He was most recently Everest Reinsurance UK's Deputy Chief Underwriting Officer and Head of Long Tail. He played a significant role in building out Everest's portfolio on a wide range of products from single line programs to multiline treaties for both Global and London market clients. Prior to Everest, Mr. Wallace spent a decade at Hiscox plc as Pricing Actuary and Head of Pricing, Transport, Energy and Recall. He earned a bachelor's degree in history from the Royal Holloway University and is a Fellow of the Institute of Actuaries.
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.