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Former AIG exec to run Everest risk management unit

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Everest Re Group Ltd. on Tuesday named New York-based David Sandler to lead Everest Risk Management, a new unit specializing in casualty risks.

Everest Risk Management will offer workers compensation, general and auto liability, foreign casualty, along with casualty risk financing and servicing capabilities, Everest said in a statement.

Previously, Mr. Sandler was executive vice president and head of corporate accounts casualty at American International Group Inc.

Everest, a well-established reinsurer, has made a significant push into the insurance market over the past year as reinsurance rates have plummeted.

Earlier this month, Everest announced the appointment of Erik Nikodem, another former AIG executive, to head its property insurance division.

Several former AIG executives have landed new roles within the insurance industry since the financially challenged insurer announced a management shake-up in December. Click here for more information on the comings and goings of former AIG executives to date.