WARREN, New Jersey – January 24, 2023 – Everest Insurance®, the primary insurance division of Everest Re Group, Ltd. (NYSE: RE), today announced that Timothy Powell has joined the Company as Head of Financial Lines. Based in London, Timothy will report to Adam Clifford, co-lead of Everest Insurance International®. He succeeds Christian Colombera who will assume the role of Managing Director of Australia & Head of the Pacific Region, pending regulatory approval.
“As a key driver of the global economy, Financial Services is an incredibly important market, and Timothy’s appointment reinforces our investment and commitment to financial lines buyers and brokers in need of Everest’s partnership,” said Adam Clifford, co-lead of Everest Insurance International®. “Timothy brings a unique perspective to our team, having led and developed Financial Lines portfolios in key regions, and he will be instrumental in positioning Everest as a leader in this market”.
Timothy brings more than three decades of experience to Everest’s Financial Lines portfolio. He will be responsible for overseeing underwriting, market engagement and treaty purchasing for the Company’s international financial lines customers. Most recently, he served as Global Head of Financial Lines & Cyber for Zurich Insurance Group, where he successfully developed the Financial Lines & Cyber portfolios. Prior to that, Timothy held a variety of leadership roles with increasing responsibility at AXA XL, Allianz Australia Insurance Limited and AIG.
“Timothy’s caliber of talent and expertise is exactly what Everest needs to best support our clients and drive growth in key business lines and geographies,” said Mike Karmilowicz, President and CEO of Everest Insurance®. “Financial Lines is the lifeblood of our international business, and given the complexities of the financial services market, we have brought on a strong leader whose deep expertise will evolve our portfolio for the future.”
About Everest Re Group, Ltd.
Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestre.com