Everest Re Group Ltd’s president and chief executive officer, Dominic Addesso, will retire at the end of the year.

As a result, the company’s board of directors is undertaking a search as part of its succession planning process which will include a review of internal and external candidates for the position effective in 2020.

Joseph Taranto, chairman, said: “Dom has done a great job of growing Everest and positioning us for the future. We are thankful for his continued leadership.”