Everest secures experienced hire for newly created lead role

Everest Insurance has hired Mike Hoffmann into the newly created role of head of risk and ceded reinsurance.

In the role, Hoffmann will lead a team with responsibility for all aspects of the global ceded reinsurance strategy for the company’s Insurance Division. He will take responsibility for risk management within the Insurance Division, as part of the Group Enterprise Risk Management structure. He will be based in the company’s Bermuda office.

Hoffmann moves to Everest after 15 years with Allied World Assurance, where he was most recently global insurance chief underwriting officer (CUO). Prior to this, he worked at Chubb for 14 years in a variety of roles in the US and Bermuda.

Hoffmann will report into Mike Mulray, chief operating officer and CUO.

Mulray said: “Talent remains core to the Everest strategy and adding someone of Mike’s caliber in such a critical role will continue to propel us forward on our mission of delivering consistent underwriting profitability. With three decades of industry experience, Mike has a proven track record of strong execution, portfolio management, and driving results.”