Everest Re creates new specialty unit

Everest Re Group has announced the creation of a private company/not-for-profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance.

According to the company, the new business segment will complement all areas of Everest’s expanding financial lines division. The Private /NFP team will target small, middle and large private/not-for-profit companies and organizations on a primary and excess basis, delivering innovative product and service solutions across many industries.

Salvatore Collura has joined Everest Insurance to lead this business segment and has been named vice president and national practice leader of ESU’s private/not-for profit business segment. In addition to overseeing the Private/NFP underwriting operations, he will be heavily involved in expanding this offering across the country, leveraging the existing Everest Insurance footprint.

Collura was formerly at Chubb, where he was a vice president in the financial lines division, responsible for managing and overseeing the underwriting operations of Chubb’s New York regional private and not-for-profit group. He brings to Everest over seventeen years of experience in the insurance industry and extensive knowledge in underwriting management liability, managing alternative risk transfer programs, and implementing foreign professional indemnity policies.

“We are excited to have Sal join our team and lead this new business segment,” said Keith Lavigne, Head of Management and Professional Liability at Everest Insurance, “Everest is committed to providing innovative products and superior customer service to its customers and trading partners every day. I’ve known Sal for many years and I am confident that his leadership skills, strong relationships and technical acumen will enable Everest to successfully grow and strengthen its financial lines portfolio.”