Everest Re Group, Ltd. has announced that Chris Downey has been appointed to take over as Managing Director and Chief Executive Officer (CEO) of Everest Reinsurance (Bermuda), Ltd.
He succeeds Sanjoy Mukherjee, who will transition from the Bermuda role on April 1 and return to his full time duties as General Counsel and Corporate Secretary of Everest Re.
Mukherjee initially joined Everest in 2000 and became Executive Vice President, General Counsel and Corporate Secretary in 2005, before later assuming the additional MD and CEO role in April 2016.
Following the appointment, Downey will also continue in his current role as Chief Underwriting Officer of the Reinsurance Division at Everest.
“Given the growth and diversification of our Company, particularly in insurance and international, Everest will benefit from Sanjoy’s full time focus as our General Counsel helping the organization deal with the vast complexities of our global operation,” said Juan C. Andrade, President and Chief Executive Officer, Everest Re Group.
“He is an outstanding general counsel and his strong leadership, wide market knowledge, and deep industry relationships have contributed, over many years, to the success we have had in building and expanding Everest’s global position as a recognized industry leader,” Andrade continued.
“Over the last four years Sanjoy has been instrumental in expanding our Bermuda operations. With twenty years at Everest, his vast contributions to the organization across many fronts cannot be understated.”
Andrade added: “Chris is a respected underwriter, and leader within Everest, who has previously spent 15 years of his career based in Bermuda. He is a talented and seasoned industry leader who will continue to play an increasingly important role in the future of Everest.”
