The reinsurance division of Bermuda-based carrier Everest Re Group, Ltd., Everest Reinsurance, has announced a couple of promotions within its international division.
Harald Jacobsen has been named as Senior Vice President, Head of Continental Europe. Additionally, he will take on the role of Branch Manager Zurich of Everest Reinsurance Company Ireland dac, subject to regulatory approval.
Based in Zurich, Jacobsen will report to Artur Klinger, Head of International Reinsurance at the firm.
In his new role, Jacobsen assumes oversight of Everest’s reinsurance operation across Continental Europe, including specialty classes Marine, and Credit & Surety. He also takes on responsibility for extending the specialty class offerings to clients elsewhere in the world, creating synergies across the global business units.
Jacobsen joined the firm in 2021 as Head of Western Europe & Property. Earlier in his career, Jacobsen led the Zurich Office of Chubb Tempest Re. His career in reinsurance started as an underwriter for NewRe in Geneva writing UK, Irish, and Nordic business.
At the same time, Everest has named Mark Wallace as Vice President, Head of Longtail and Deputy Chief Underwriting Officer (CUO), reporting to Paul Tester, Head of UK Branch and CUO.
In his new role, Wallace’s focus will be on further diversifying the company’s casualty and motor portfolios. According to Everest, as its Senior Casualty Underwriter, Wallace played a key role in the growth of the London Casualty Treaty portfolio.
Before joining Everest, he spent almost ten years at Hiscox as Head of Pricing for Specialty classes.
Jim Williamson, Everest Group Chief Operating Officer (COO) and Head of Reinsurance, commented: “Harald and Mark have been instrumental in expanding our portfolio, capabilities and offerings in the U.K. and Continental Europe.
“Both are seasoned leaders with deep local market expertise and relationships who will continue to bring the highest standards of service and support our partners’ unique and evolving needs in today’s global market.”
Klinger added: “Harald and Mark’s promotions build on Everest’s global leadership position and reinforce our commitment to providing clients and distribution partners with the best-in-class solutions and reliability they expect from our team of market experts.
“Their appointments reflect our investment in the ongoing growth of our extraordinary talent, and I look forward to continuing to work closely with both of them as we advance our global strategy.”
