Reinsurance News

Timothy Powell joins Everest Insurance as Head of Financial Lines

24th January 2023 - Author: Kassandra Jimenez-Sanchez

Everest Insurance, the primary insurance division of Everest Re Group, has announced the appointment of Timothy Powell as Head of Financial Lines.

According to the announcement, he will succeed Christian Colombera who will assume the role of Managing Director of Australia & Head of the Pacific Region, pending regulatory approval.

Powell brings more than three decades of experience to Everest’s Financial Lines portfolio. He will be based in London, and will report to Adam Clifford, co-lead of Everest Insurance International.

Clifford commented: “As a key driver of the global economy, Financial Services is an incredibly important market, and Timothy’s appointment reinforces our investment and commitment to financial lines buyers and brokers in need of Everest’s partnership.

“Timothy brings a unique perspective to our team, having led and developed Financial Lines portfolios in key regions, and he will be instrumental in positioning Everest as a leader in this market”.

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In his new role, Powell will be responsible for overseeing underwriting, market engagement and treaty purchasing for the Company’s international financial lines customers.

Most recently, he served as Global Head of Financial Lines & Cyber for Zurich Insurance Group, where he successfully developed the Financial Lines & Cyber portfolios. Prior to that, he held a variety of leadership roles with increasing responsibility at AXA XL, Allianz Australia Insurance Limited and AIG.

Mike Karmilowicz, President and CEO of Everest Insurance, said: “Timothy’s calibre of talent and expertise is exactly what Everest needs to best support our clients and drive growth in key business lines and geographies.

“Financial Lines is the lifeblood of our international business, and given the complexities of the financial services market, we have brought on a strong leader whose deep expertise will evolve our portfolio for the future.”

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