Everest Re Group has announced that Jim Williamson, executive vice president and group chief operating officer will take on additional responsibilities as the head of the Everest Reinsurance Division, effective immediately.
Williamson succeeds John Doucette, who is departing the business to pursue other opportunities.
Everest Re state the appointment of Williamson furthers the company’s focus on profitably growing a balanced and diversified (re)insurance portfolio, underpinned by relentless execution, to maximise shareholder returns and deliver superior earnings and book value per share growth over time.
Williamson joined the firm in 2020 as group chief operating officer. He began his insurance career with The Hartford as a casualty underwriter. Throughout his career tenure, at The Hartford, Chubb and now Everest, he has worked in all aspects of the P&C commercial and consumer lines industry both in the U.S. and internationally running large and successful businesses. He has also had functional responsibilities for actuarial, technology, and claims organizations during his career.
Juan C. Andrade, Everest president and chief executive officer commented: “I am excited to have Jim take on the leadership of Everest Reinsurance. He is an experienced and talented executive with a wealth of industry knowledge, and a track record of driving results. This change will enable us to enhance our already strong underwriting and operational discipline.”
“On behalf of the executive management team, I want to thank John for his dedication and many contributions to the organization. Under his leadership, Everest has strengthened its position as a resilient and innovative reinsurer. I wish him well in his future endeavors.”
Williamson commented: “Everest’s Reinsurance business is world class, and I am energized by the opportunity to lead such an accomplished team. We have exceptional talent around the world, deep partnerships with our brokers and cedants, and the financial resources to continue to execute our global growth strategy.”