Everest Re promotes Don Mango to group chief risk officer and chief actuary

Everest Re Group has promoted Don Mango to group chief risk officer and chief actuary, effective March 30.

Mango will report to Juan Andrade, Everest Re Group’s president and chief executive officer. He takes on responsibility for the development and implementation of Everest’s risk management strategy, enterprise risk management (ERM) framework, and related processes across the group. He will also oversee the governance of the actuarial function.

The appointment elevates the ERM function to the executive management committee, and facilitates stronger integration of ERM with actuarial reserving, pricing and modeling functions, Everest said.

Tom Passante, who has served as Everest’s chief risk officer since 2014, remains at Everest as a senior leader in the global ERM function. He will now report to Mango and help lead the integration of this new ERM framework.

Cameron Vogt replaces Mango as global head of actuarial pricing and modeling for the insurance division. Vogt currently leads the actuarial pricing, catastrophe modeling and ceded reinsurance analytics teams for Everest Insurance.

Mango joined Everest Insurance in September 2018 as the global head of actuarial pricing and modeling. Before that he spent more than thirty years as an actuary and thought leader in re/insurance, ERM, innovation and insurtech, at companies including Guy Carpenter, GE Insurance Solutions and Munich Re.

Andrade said: “Superior ERM capabilities are a competitive advantage and the backbone of a successful reinsurance and insurance organisation. [Mango] is a thought leader in our industry and he brings a wealth of deep risk management and actuarial expertise to this position.”