Bermuda
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He was appointed acting CEO earlier this month, after Andrade’s departure. -
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
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Christa Schwimmer has joined the leadership team alongside Stefan Golling.
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The reinsurer is buying out China Minsheng affiliate at year-end.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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Everest is in the process of transforming its ILS offering.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Everest Group’s regulatory filing did not give a reason for the resignation.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The new offerings will be part of the specialty reinsurance portfolio.
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