Everest Insurance expands property underwriting teamsReprints
Everest Re Group Ltd. on Friday announced several new property underwriting hires within its Everest Insurance group as it continues its push into the primary insurance market.
The hires are intended to expand the company’s underwriting teams in the retail, wholesale and inland marine areas, Hamilton, Bermuda-based Everest Re said in a statement.
Patrick Mulready has been named vice president of Everest’s wholesale property division in Boston. He most recently was a property unit manager for Lexington Insurance Co.
Helena Meirinho has joined Everest’s Boston office as an underwriting manager in the wholesale property division. She was most recently a senior underwriter specializing in large account property for Zurich North America.
Lauren Valencia was appointed as a senior property underwriter in the wholesale division of Everest’s Boston office. She previously worked at Allied World Assurance Co. Ltd., where she was most recently a senior underwriter in their property division.
Victor Pena has joined the Everest retail property team as vice president of the Central region, based out of Chicago. He was previously with CNA Financial Corp., where he most recently served as underwriting director of the Northern zone.
Mark Baroni has joined the Everest retail property team as a vice president in the east region. He most recently served as vice president at Axis Capital Holdings Ltd., handling the primary, excess and facultative property portfolio in the national and middle market segments.
Victor Twardowski has joined Everest’s Chicago office as associate manager in the inland marine division. He came from CNA, where he was most recently an inland marine underwriting specialist.
Tyler James has joined Everest’s Chicago office as manager in the inland marine division. He comes from Arthur J. Gallagher & Co., where he was charged with growing Gallagher’s Midwest construction practice.
“This expansion of, and investment in, all three property divisions (Wholesale, Retail, and Inland Marine) speaks to the opportunity that we see in the overall property marketplace,” Erik Nikodem, Boston-based head of property at Everest Insurance, said in a statement.
Everest Re, like some other reinsurers, has made a push into the primary market over the past couple of years as reinsurance rates have softened. According to its latest quarterly stock market filings, insurance business accounts for about one-third of Everest Re’s gross written premiums, compared with about one quarter two years ago.