NEW YORK, New York – September 27, 2018 – Everest Insurance® is pleased to announce that, effective immediately, Mike Karmilowicz and Dave Sandler will each assume the title of President for their respective business segments.
Mike Karmilowicz joined Everest Insurance® in July of 2015 and leads Everest Specialty Underwriters (ESU), which currently comprises the Executive Solutions Group (Financial Institutions, Public & Private D&O, & Cyber), Professional Liability, Alternative Solutions (Transactional Liability & Private Equity), Political Risk & Trade Credit, and Surety. Mike has also recently added management responsibility, and joined the Board of, the Specialty Insurance Group (SIG), Everest’s Sports & Leisure specialist organization based in Carmel, IN.
Dave Sandler joined Everest Insurance® in April of 2016 to lead the Risk Management group. Over the past two years, the Risk Management Group has grown to include the addition of Monoline Workers' Compensation, Multinational Casualty, Commercial Casualty, Energy and Transportation & Logistics. Dave has also added management responsibility, and has joined the Board of The Everest Insurance Company of Canada.
Commenting on the promotions, Jonathan Zaffino, President and CEO of Everest Insurance® stated, “Today’s announcement recognizes both Mike and Dave’s significant leadership impact on Everest Insurance®, their personal performance during their time here, and the growing scale and diversity of the business units they oversee. Mike and Dave are talented and seasoned industry leaders, each with more than 25 years of experience in the industry and will play in increasingly important role in our future. I look forward to partnering with both of these talented Executives as we continue to evolve Everest Insurance® toward the World Class Specialty Insurer we envision.”
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.everestre.com.