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Everest Insurance taps former AIG exec to lead life sciences practice

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Everest Re Group Ltd. on Friday said Andy Faber has joined from American International Group Inc. as the leader of the newly launched life sciences practice within Everest Insurance’s specialty casualty group.

Mr. Faber, who will be based in Boston, is responsible for establishing a dedicated life sciences team in the U.S. marketplace, Hamilton, Bermuda-based Everest Re said in a statement. He will report directly to Connie Germano, head of the specialty casualty group.

Mr. Faber most recently served as AIG’s vice president and global life sciences product line manager for its Lexington Insurance Co. unit.

“We are delighted that Andy has joined Everest to lead this important initiative for us,” Ms. Germano said in the statement. “Andy’s knowledge of the life sciences space, his industry and client relationships, and his marketplace reputation, will be an asset to Everest as we launch our new life sciences practice.”