Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6, 2016.
Sanjoy Mukherjee will succeed de Saram as managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., subject to Bermuda’s Immigration Department approval. Mukherjee, currently executive vice president, secretary, and general counsel for the company, will continue in his current role while assuming these additional responsibilities.
Andrew Carrier, general manager of European Operations, will succeed de Saram in assuming full management responsibility for the company’s London, Continental European and Asia-Pacific reinsurance operations.
In 1995, de Saram joined Everest as vice president of its United Kingdom and European operations and in 2004 was appointed chief executive officer of Everest Re (Bermuda) Ltd. He also serves as director and deputy chairman of Everest Re (Bermuda) Ltd. and Everest International Reinsurance Ltd. In addition, he is chairman of the board of Everest Re (Ireland) Ltd. and a director on the board of Everest Underwriting Group (Ireland) Ltd.
Dominic J. Addesso, president and chief executive officer, said, “Mark’s strong leadership, wide market knowledge, and underwriting talent have contributed, over many years, to the success we have had in building out Everest’s global position. During his tenure, Mark, amongst other things, was instrumental in establishing both our Bermuda and Ireland operations and also assisted with our recent entry into Lloyd’s. With more than 20 years at Everest, his guidance and counsel will be greatly missed, although I am delighted that he has agreed to remain as a non-executive director on the Boards of several of our operating companies.”
Source: Everest Re Group Ltd.