Downey to take top job at Everest Re Bermuda
Chris Downey is to succeed Sanjoy Mukherjee as managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd, the organisation's parent company announced.
Everest Re Group Ltd said Mr Mukherjee would transition from his Bermuda role on April 1 and return to his full time duties as general counsel and corporate secretary of the parent.
Mr Mukherjee, who initially joined Everest in 2000 and became executive vice-president, general counsel and corporate secretary in 2005, assumed the additional roles at the Bermuda operation in April, 2016, the organisation said.
Mr Downey, currently chief underwriting officer of the reinsurance division at Everest, will continue in his current role while assuming these additional responsibilities, the company said, adding that
Mr Mukherjee and Mr Downey will work closely together over the next few months to ensure a smooth transition.
Juan C. Andrade, president and chief executive officer of Everest Re Group Ltd, said: “Given the growth and diversification of our company, particularly in insurance and international, Everest will benefit from Sanjoy's full time focus as our general counsel helping the organisation deal with the vast complexities of our global operation.
“He is an outstanding general counsel and his strong leadership, wide market knowledge, and deep industry relationships have contributed, over many years, to the success we have had in building and expanding Everest's global position as a recognised industry leader. Over the last four years Sanjoy has been instrumental in expanding our Bermuda operations. With 20 years at Everest, his vast contributions to the organisation across many fronts cannot be understated.”
Mr Andrade stated: “Chris is a respected underwriter, and leader within Everest, who has previously spent 15 years of his career based in Bermuda. He is a talented and seasoned industry leader who will continue to play an increasingly important role in the future of Everest.”