Everest Re beefs up UK presence
Everest Reinsurance has promoted Paul Tester (pictured left) to be SVP, executive advisory director, international reinsurance.
Tester will be succeeded by Mark Wallace (pictured right) as head of UK branch and chief underwriting officer as the Bermuda-based re/insurer builds out its UK presence.
Wallace will be based in London and will report to Artur Klinger, head of international reinsurance. Tester will continue as head of UK branch through the regulatory transition.
“Mark has been instrumental in elevating our UK business and is well positioned with extensive global liability and specialty reinsurance expertise and a strong relationship network to lead our growing business as we continue to deepen our foothold in the UK market,” said Klinger.
"I want to thank Paul for his exceptional leadership over the past 16 years and look forward to working closely with both of them and our senior team to position us for future opportunity.”
Wallace will be responsible for managing and directing the strategy and underwriting operations of the UK branch. He was most recently Everest Reinsurance UK’s deputy chief underwriting officer and head of long tail.
Everest said he played a significant role in building out Everest’s portfolio on a wide range of products from single line programmes to multiline treaties for both Global and London market clients.
Prior to Everest, Wallace spent a decade at Hiscox as pricing actuary and head of pricing, transport, energy and recall. He earned a bachelor’s degree in history from the Royal Holloway University and is a Fellow of the Institute of Actuaries.
