Global reinsurance and insurance provider Everest Re Group has extended its employment agreement with president and chief executive Juan C. Andrade.

“I am honoured to continue leading Everest into the future alongside a world-class management team and with the ongoing support of our board of directors,” commented Andrade, who will stay at the helm through the end of 2023.

“Together with our outstanding team around the world, we are profitably growing our company. I am excited to advance Everest’s strategic growth agenda to deliver even greater value for our shareholders and clients, while fostering a vibrant and inclusive culture for our employees.”

The Chubb alumnus came onboard Everest in 2019 as chief operating officer before succeeding Dominic J. Addesso at the top the following year.

“In the past 24 months as Everest’s CEO, Juan has made exceptional progress positioning the company for long-term profitable growth,” said Everest chair Joseph V. Taranto. “On behalf of the entire board, we have the utmost confidence in Juan’s ability to lead Everest through its next phase of evolution and success.”