Everest Re names new insurance CEO and COO after Zaffino's exit

Everest Re Group has appointed Michael Karmilowicz as new president and CEO of the Everest Insurance division with Michael Mulray being named as chief operating officer (COO).

Karmilowicz replaces Jonathan Zaffino, former president and CEO of Everest Insurance, who resigned in April to pursue another opportunity.

Karmilowicz joined Everest Insurance in July of 2015, and most recently served as executive vice president and president of North America P&C. He has nearly 30 years of experience in the insurance industry, having worked in increasingly responsible management and underwriting positions at carriers including Zurich and The Hartford.

Mulray joined Everest Insurance in May of 2015 as chief underwriting officer, a position he has held since that time. Prior to joining Everest, he worked at General Electric Company, where he spent a decade in a variety of risk and insurance leadership positions. Mulray began his career in insurance over 20 years ago with Aon, serving in a variety of roles in both the US and Bermuda markets.

Juan Andrade, president and chief executive officer of Everest Re Group, said: “Mike Karmilowicz, Mike Mulray, and the leadership team have done a tremendous job in the build out of the Everest Insurance Division, while elevating the Everest name in the insurance marketplace. Mike and Mike’s leadership capabilities, track record, knowledge of the market, and strategic vision make them ideal candidates for leading the Insurance Division going forward.”

He added: “Today’s announcement further demonstrates the strength of the talent within Everest. I look forward to continuing to work with Mike and Mike as they and their team advance our mission of delivering consistent, industry leading underwriting results.”