Everest Re hires Montpelier exec as deputy CUO

Everest Re Group, the Bermuda-based holding company, has appointed Christopher Downey as deputy chief underwriting officer (CUO).

Downey joins Everest from Montpelier Reinsurance, where he served as senior vice president (SVP) and head of its global casualty and specialty treaty unit. He also served as a member of the executive committee and the underwriting leadership team.

Prior to joining Montpelier in 2012, Downey had been SVP at Alterra Bermuda, formerly known as Max Bermuda, where he spent 12 years, and was responsible for managing several of its underwriting and actuarial units covering a broad spectrum of risks.

John Doucette, executive vice president and CUO, said: “We are very excited to have Chris join the Everest team. He brings a wealth of experience across many facets of the business that will be invaluable as we continue to expand the Everest platform in many different areas.”