Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced that Catherine Rudow will join the company as global head of cyber reinsurance.

She will report to Jill Beggs, head of North America Reinsurance.

In this newly created role, Ms Rudow will be responsible for managing Everest’s cyber reinsurance business while driving consistent underwriting best practices and guidelines across the division globally.

She will also focus on cultivating both new and existing broker and customer relationships and working to establish customised reinsurance solutions that keep pace with the evolving cyber-risk landscape.

“With new threats emerging globally at an unprecedented rate, the need for cyber reinsurance solutions has become increasingly significant,” said Jim Williamson, Everest Group COO and head of Reinsurance.

“We are investing in the people and expertise that position us to support our clients and brokers, and Catherine’s extensive insights into this nuanced market are critical to serving our customers.”

Everest said Ms Rudow most recently served as a vice-president for Nationwide E&S where she executed on a cyber strategy for Nationwide Enterprise resulting in portfolio diversification and product expansion.