Everest Names Herman to Head New Specialty Group

The Bermuda-based Everest Re Group has appointed Mark Herman as President of its newly-created Everest Specialty Underwriters, effective immediately.

The new division is based in New York and “will focus its attention on the professional lines markets, specifically directors and officers and errors and omissions products for the primary insurance market,” said the announcement.

Herman joins Everest from Valiant Insurance Group, where he served as Non-executive Chairman. Prior to that he was Co-President of Ariel Holdings Ltd., where he was instrumental in building the operation from its formation in 2005.

Before assuming this role, he spent nine years with ACE Limited as President and Chief Executive Officer of ACE Bermuda. Having joined ACE in 1995 from the Chubb Group, where he held a number of senior assignments, Mr. Herman brings to Everest significant underwriting depth and management experience in the professional lines arena.

Source: Everest Re Group – www.everestre.com