Everest Re has announced that Don Mango has been promoted to chief risk officer and chief actuary, effective March 30.
In his new roles, Mango will report to Everest Re Group president and CEO Juan C. Andrade. He will be responsible for the development and implementation of Everest’s risk management strategy, enterprise risk management framework, and related processes across the group, including capital performance management and reserving, according to a company statement. He will also oversee the governance of the actuarial function.
Mango joined Everest Insurance in September 2018 as global head of actuarial pricing and modelling. He has over 30 years’ experience as an actuary and thought leader in insurance, reinsurance, ERM, innovation, and insurtech at companies including Guy Carpenter, GE Insurance Solutions, and Munich Re. He is an adjunct lecturer in actuarial science at the Columbia University School of Professional Studies.
Previously, Mango served two terms on the Casualty Actuarial Society (CAS) Board and four years as CAS vice president of research and development. He has authored multiple prize-winning actuarial journal articles. In 2019, he received the CAS Matthew Rodermund Memorial Service Award, in recognition of his contributions to the actuarial profession across his career.
According to Everest Re, Mango’s promotion elevates the enterprise risk management (ERM) function to the executive management committee, and facilitates stronger integration of ERM with actuarial reserving, pricing and modelling functions.
Tom Passante, who has served as Everest’s chief risk officer since 2014, will remain a key senior leader in the company’s global ERM function and will report to Mango.