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Everest Insurance announces key London hire

Everest Insurance announces key London hire | Insurance Business UK

Everest Insurance announces key London hire

Timothy Powell (pictured) has come onboard Everest Insurance – the primary insurance division of US-headquartered global provider Everest Re Group – in the UK to serve as financial lines head.

Tasked with overseeing underwriting, market engagement, and treaty purchasing for international financial lines customers, Powell brings more than three decades of industry experience from the likes of AXA XL, Allianz, and AIG. He joins from Zurich Insurance Group where he was global head of financial lines & cyber.

“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,” commented Everest Insurance president and chief executive Mike Karmilowicz when the appointment was announced.

“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.”

Powell succeeds Christian Colombera, who is taking on the role of Australia managing director and Pacific region head.