(Image credit: Erika Krauss.)
Everest Insurance, the diversified specialty insurance division of Everest Re Group, Ltd. (Hamilton, Bermuda), has appointed Mike Karmilowicz to EVP of Everest Insurance and President of Everest Insurance North America P&C. In his new role, Karmilowicz will be responsible for all P&C underwriting units and direct brokerage business for the Everest Insurance North American platform.
Karmilowicz joined Everest Insurance in July, 2015 and most recently served as SVP of Everest Insurance and President of Everest Specialty Underwriters (ESU), which comprises the Executive Solutions Group (Financial Institutions, Public & Private D&O, & Cyber), Professional Liability, Alternative Solutions (Transactional Liability & Private Equity), Political Risk & Trade Credit, and Surety segments. Karmilowicz also held management responsibility for the Specialty Insurance Group (SIG), Everest’s Sports, Entertainment and Leisure insurance organization based in Carmel, Ind.
“This promotion recognizes Mike’s many contributions to Everest Insurance over the past four years,” comments Jonathan Zaffino, President and CEO of Everest Insurance Group. “Appointing Mike to lead our North American direct broker operations is a natural evolution for our rapidly expanding franchise. This change will better align us to our distribution partners and brings the growing Everest Insurance product portfolio to the market in a more comprehensive and aligned manner. In this role, Mike will partner with Vincent Vandendael, CEO of Everest Global Markets, to bring customized industry-leading insurance solutions to our clients around the world.”
Juan C. Andrade, President and CEO, Everest Re Group, says, “Mike has done an outstanding job of leading Everest Specialty Underwriters and the Specialty Insurance Group. We look forward to him leading Everest Insurance North America P&C with the same level of enthusiasm, focus and results. Mike is a talented and seasoned industry leader who will continue to play an increasingly important role in the future of Everest.”