Bermudian reinsurer Everest Re has decided to extend the employment contract of its President and CEO, Juan C. Andrade, through to the end of 2023 with automatic annual extensions following this term.
Andrade took over the position of President and CEO from Dominic J. Addesso in January 2020, having previously served as Chief Operating Officer at the company.
“In the past 24 months as Everest’s CEO, Juan has made exceptional progress positioning the company for long-term profitable growth,” said Joseph V. Taranto, Everest Chairman.
“On behalf of the entire Board, we have the utmost confidence in Juan’s ability to lead Everest through its next phase of evolution and success,” he added.
Andrade also commented: “I am honored to continue leading Everest into the future alongside a world-class management team and with the ongoing support of our Board of Directors.”
“Together with our outstanding team around the world, we are profitably growing our Company. I am excited to advance Everest’s strategic growth agenda to deliver even greater value for our shareholders and clients, while fostering a vibrant and inclusive culture for our employees.”