Everest Re Group Ltd. announced the following executive changes at its wholly owned subsidiary, Everest Reinsurance (Bermuda) Ltd. (“Everest Bermuda”).
Mark de Saram, presently CEO of Everest Bermuda’s UK Branch and a director of Everest Bermuda, has been appointed managing director and CEO of Everest Bermuda, subject to, and effective upon, approval by the Bermuda Department of Labour and Immigration.
de Saram joined Everest in 1995 as vice president of Everest Reinsurance Company responsible for its UK and European Operations and was subsequently promoted to senior vice president. Upon the sale of those operations to Everest Bermuda earlier this year, de Saram became CEO of Everest Bermuda’s UK branch and was added to the Everest Bermuda Board.
Prior to his joining Everest, de Saram had accumulated 21 years of reinsurance industry experience working in various underwriting and brokering capacities in the UK and Canada.
Peter Bennett has resigned his positions as managing director and CEO of Everest Bermuda and senior vice president of Everest Re Group Ltd.
In conjunction with the changes, de Saram has also been appointed a senior vice president of Everest Re Group Ltd.
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