Everest fills newly created role of head of risk and ceded reinsurance

Everest Insurance has hired Mike Hoffmann to take up the newly created role of head of risk and ceded reinsurance.

Hoffmann will lead a team with responsibility for all aspects of the global ceded reinsurance strategy for the company’s Insurance Division. He will also be responsible for risk management within the Insurance Division, as part of the Group Enterprise Risk Management structure. He will be based out of the company’s Bermuda office.

He will move to Everest after 15 years with Allied World Assurance, where he most recently served as global insurance chief underwriting officer (CUO). Before this, he worked at Chubb for 14 years in a variety of roles in the US and Bermuda.

Hoffmann will report into Mike Mulray, chief operating officer and CUO.

Mulray said: “Talent remains core to the Everest strategy and adding someone of Mike’s caliber in such a critical role will continue to propel us forward on our mission of delivering consistent underwriting profitability. With three decades of industry experience, Mike has a proven track record of strong execution, portfolio management, and driving results.”