Everest Re goes for Doucette
Everest Re Group Ltd. has appointed John Doucette as executive vice-president, effective from next month.
Mr. Doucette joins Everest from Max Bermuda where he held the position of president and chief underwriting officer of their property and casualty reinsurance division.
He comes to Everest with extensive reinsurance experience having held positions at Max Bermuda (formerly Max Re), Swiss Re, and Tillinghast.
Mr. Doucette is a graduate of Cornell University and holds the Fellow of Casualty Actuarial Society designation.
Mr. Joseph Taranto, chairman and CEO, said: "We are very pleased to have a highly experienced executive of John's calibre join the Everest team. His reinsurance expertise and strong business background will be instrumental in the continued success of our organisation."
Lucida Re, the Bermuda-based sister company of Lucida plc., has appointed Gary Crofts as managing director, according to online publication Professional Pensions.
The buyout firm has been established to reinsure some of the business written by Lucida in the UK as well as writing business on a standalone basis.
Mr. Crofts was formerly chief executive of MetLife Assurance.
"With the market for longevity risk solutions both in the UK and elsewhere going from strength to strength, Lucida Re has great potential and I look forward to working with Lucida to realise this," Mr. Crofts said.