Everest Reinsurance has appointed Mark Wallace as Head of the UK Branch and Chief Underwriting Officer, subject to regulatory approval.
Everest explained that Wallace will be responsible for managing and directing the strategy and underwriting operations of its UK branch.
He was most recently Everest Re’s UK’s Deputy Chief Underwriting Officer and Head of Long Tail. According to the firm, He played a significant role in building out its portfolio on a wide range of products from single-line programs to multiline treaties for both Global and London market clients.
Based in London, Wallace replaces Paul Tester who has been appointed SVP, Executive Advisory Director, International Reinsurance.
Tester will continue as Head of the UK Branch through the regulatory transition.
Artur Klinger, Head of International Reinsurance, and to whom Wallace will report, commented, “Mark has been instrumental in elevating our UK business and is well positioned with extensive global liability and specialty reinsurance expertise and a strong relationship network to lead our growing business as we continue to deepen our foothold in the UK market.
“I want to thank Paul for his exceptional leadership over the past 16 years and look forward to working closely with both of them and our senior team to position us for future opportunity.”
Before Everest, Wallace spent a decade at Hiscox plc as Pricing Actuary and Head of Pricing, Transport, Energy and Recall.
