Everest hires Zurich’s financial lines head

Everest Insurance, the primary insurance division of Bermuda’s Everest Re, has appointed Timothy Powell (Pictured) as its new head of financial lines. Based in London, he will report to Adam Clifford, co-lead of Everest Insurance International. He succeeds Christian Colombera, who will assume the role of managing director of Australia & head of the Pacific Region, pending regulatory approval.

Powell joins from Zurich, where he was global head of financial lines & cyber. With previous positions at AXA XL, Allianz, and AIG, he brings over three decades of experience to the role. He will oversee underwriting, market engagement and treaty purchasing for the company’s international financial lines customers.

“As a key driver of the global economy, Financial Services is an incredibly important market, and Timothy’s appointment reinforces our investment and commitment to financial lines buyers and brokers in need of Everest’s partnership,” said Adam Clifford, co-lead of Everest Insurance International.

“Timothy brings a unique perspective to our team, having led and developed financial lines portfolios in key regions, and he will be instrumental in positioning Everest as a leader in this market”.

“Timothy’s calibre of talent and expertise is exactly what Everest needs to best support our clients and drive growth in key business lines and geographies,” added Mike Karmilowicz, president and CEO of Everest Insurance.

“Financial Lines is the lifeblood of our international business, and given the complexities of the financial services market, we have brought on a strong leader whose deep expertise will evolve our portfolio for the future.”