Everest brings in new executives to support retail business

New structure will support ambitious aim in P&C market across four key regions

Everest brings in new executives to support retail business

Insurance News

By Kenneth Araullo

Everest Insurance has announced a strategic restructuring of its retail business into four distinct regions within the United States – Northeast, South, Central, and West – with four executives named to the posts.

The aims to enhance the company’s customer-focused approach, the firm said, and support its goal of becoming the leading global property and casualty (P&C) insurance provider.

As part of this strategic shift, Everest has appointed new regional executives to lead each of the four areas, enhancing the leadership team within North America:

  • Craig Hanrahan takes the role of regional executive for the US Northeastern Region. Coming from Chubb, where he served as executive vice president, major accounts, Hanrahan has over 30 years of experience in the industry, with previous positions at Marsh and AIG. His extensive background positions him well to drive growth in the Northeast.
  • Marissa Jennings has been named regional executive for the US Southern Region. She transitions to Everest from Zurich Insurance Group, having led their Southeast region’s strategic growth efforts. Jennings’ prior experience includes significant roles at The Hartford Insurance Group and Progressive, equipping her with critical insights into the Southern market.
  • Marcus Cooper, previously head of distribution for Everest Insurance North America, is now the regional executive for the US Central Region. Cooper joined Everest in 2021, and his 20-year career includes leadership positions at Liberty Mutual, AIG, and Zurich North America. His extensive experience will be instrumental in leading the company’s growth initiatives across the Midwestern states.
  • Michael Cellura assumes the position of regional executive for the US Western Region. Before this role, Cellura was head of international facultative reinsurance at Everest and has over 15 years of experience at Chubb in various executive roles, including as Northern California executive. His background in insurance underwriting and operations will aid in propelling growth in the Western states.

Read More: Everest reports results for first quarter

Mike Mulray, president of Everest Insurance North America, explained the rationale behind the realignment.

“Continuous growth demands deeper relationships that inspire confidence through engagement and accountability,” Mulray said.

He emphasized that the new structure would allow for localized teams that can offer better access to the company’s services and expertise, thus improving customer service across the board.

“Bringing decades of industry expertise and region-specific experience, these accomplished leaders empower Everest to meet our customers where they are, positioning us to go deep in each market and drive continued growth,” he said.

Mulray also underscored that this strategic realignment not only brings the company closer to its customers but also reinforces Everest’s commitment to being the preferred partner for clients and brokers.

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