NEW YORK, New York – November 13, 2017 – Everest Re Group, Ltd. (NYSE: RE) announced today the formation of a Private Company/Not-for-Profit business segment (“Private/NFP”) within the Everest Specialty Underwriters unit of Everest Insurance®. This new business segment will compliment all areas of Everest’s expanding Financial Lines division. The Private /NFP team will target small, middle and large Private/Not-for-Profit companies and organizations on a primary and excess basis, delivering innovative product and service solutions across many industries.
Joining Everest Insurance® to lead this important business segment is Salvatore Collura. In his new role at Everest, Sal has been named Vice President and National Practice Leader of ESU’s Private/Not-For Profit business segment. In addition to overseeing the Private/NFP underwriting operations, Sal will be heavily involved in expanding this offering across the country, leveraging the existing Everest Insurance® footprint.
Sal was most recently at Chubb, where he was a Vice President in the Financial Lines division, responsible for managing and overseeing the underwriting operations of Chubb’s New York Regional Private and Not-for-Profit Group. Sal brings to Everest over seventeen years of experience in the insurance industry and extensive knowledge in underwriting management liability, managing alternative risk transfer programs, and implementing foreign professional indemnity policies.
“We are excited to have Sal join our team and lead this new business segment,” said Keith Lavigne, Head of Management and Professional Liability at Everest Insurance®, “Everest is committed to providing innovative products and superior customer service to its customers and trading partners every day. I’ve known Sal for many years and I am confident that his leadership skills, strong relationships and technical acumen will enable Everest to successfully grow and strengthen its financial lines portfolio.”
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), dac. provides reinsurance to non-life insurers in Europe. Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis in the U.S. and internationally. The Company also operates within the Lloyd's insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestregroup.com.