Everest Group Ltd has announced the appointment of Allan Levine as an independent, non-executive director to its board, in a move aimed to strengthen the leadership team of the Bermudian-based global insurance and reinsurance company.

Mr Levine, a seasoned executive with more than 30 years of experience in the insurance and financial sectors, is the cofounder and executive chairman of Global Atlantic, a KKR-owned insurance firm with $190 billion in assets under management. He previously served as chief executive of both Global Atlantic and Goldman Sachs Reinsurance Group, where he played a key role in launching and expanding Global Atlantic’s global footprint.

“Allan is an exceptional leader, bringing deep strategic acumen, industry knowledge and an entrepreneurial approach that have proven invaluable in guiding the growth and success of world-class financial institutions,” said John Graf, chairman of Everest. “We will leverage Allan’s experience and insights to execute on our long-term strategy and capitalise on the significant potential of our global platform.”

Mr Levine’s appointment follows Everest’s recent additions of Darryl Page and John Howard to the board.

Besides his corporate leadership, Mr Levine serves on the board of the American Council of Life Insurers, the advisory board for the Tamer Centre for Social Enterprise at Columbia Business School and the board of the Nantucket Boys & Girls Club.