Everest appoints new chief underwriting officer and head of UK

Everest Reinsurance has appointed Mark Wallace as its new chief underwriting officer and head of UK branch.

A statement released today (8 January 2024) said Wallace will be responsible for managing and directing the strategy and underwriting operations across the UK.

He takes on the role after serving as the firm’s UK deputy chief underwriting officer and head of long tail.

This saw him help build out Everest’s portfolio on a wide range of products, from single line programmes to multiline treaties for both global and London market clients.

He will be based in London in his new role and report to Artur Klinger, head of international reinsurance.

“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,” Klinger said.

Succession

Wallace replaces Paul Tester, who has been appointed as the senior vice president and executive advisory director of international reinsurance.

Tester will continue as head of UK branch through the transition.

“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,” Klinger said.