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Hamilton, Bermuda-based Everest Re Group Ltd. said Monday it has formed a private company/nonprofit business segment within Everest Insurance’s specialty underwriters unit that will target small, medium and large private and nonprofit corporations on a primary and excess basis.
The unit is headed by New York-based Salvatore Collura, who has been named the segment’s vice president and national practice leader and will be involved in expanding the business across the country, Everest Re said in a statement.
Mr. Collura was most recently a vice president in Chubb Ltd.’s financial lines division, where he was responsible for managing and overseeing the underwriting operations of the insurer’s New York regional private and not-for-profit group, according to the statement.
Everest Re said the new business segment will complement all areas of Everest’s expanding financial lines division.
Everest Re Group Ltd. on Thursday said its primary insurance operation, Everest Insurance, has expanded its construction builders risk offering with a suite of new policy forms.