Everest promotes stalwart to lead re/insurance businesses

Everest promotes stalwart to lead re/insurance businesses | Insurance Business New Zealand

Reinsurance

Everest promotes stalwart to lead re/insurance businesses

New chairman also announced

Reinsurance

By
Kenneth Araullo

Everest Group has announced the elevation of Jim Williamson to oversee its reinsurance and insurance operations.

Williamson currently holds the position of Everest’s EVP, group chief operating officer, and head of the reinsurance division. In his new, broader role, Williamson will also oversee the insurance division, collaborating closely with Jill Beggs, the newly appointed chief operating officer of reinsurance, and other global insurance leaders within Everest.

Before joining Everest, Williamson held various senior roles at leading global insurance firms such as Chubb, ACE, The Hartford, and Bain & Company.

“I look forward to working with my reinsurance and insurance colleagues in this capacity as we continue to advance Everest’s strong culture of operating excellence and deliver leading financial returns to our shareholders,” Williamson said.

Juan C Andrade, president and CEO of Everest, praised Williamson’s comprehensive expertise and leadership qualities.

“Jim is an excellent executive, a multi-faceted operator, and consummate underwriter with a record of building best in class businesses,” Andrade said. He also highlighted Williamson’s instrumental role in Everest’s evolution into a globally recognized company and his perfectly suited property & casualty experience for guiding Everest’s global portfolio into its next phase.

New chairman of global insurance

In addition to Williamson’s promotion, Everest has appointed Mike Karmilowicz as chairman of Everest Global Insurance. In this capacity, Karmilowicz will spearhead Everest’s global insurance strategy and oversee key strategic initiatives. He will continue to report directly to Andrade.

Karmilowicz shared his eagerness for the role, noting the promising future of Everest insurance and his commitment to advancing the company’s mission and global strategy.

Andrade expressed his confidence in Karmilowicz’s new role, emphasizing his significant contributions to shaping Everest’s primary insurance business and expanding its capabilities, particularly in North America.

“Mike’s industry experience and skills, coupled with Jim’s global expertise will be invaluable as we continue building a premier, high-margin global insurance company,” Andrade said.

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