Everest Re Group, Ltd. (NYSE: RE) announced today that it has appointed
Dominic J. Addesso to the position of Executive Vice President and Chief
Financial Officer, effective May 8, 2009.
Mr. Addesso joins Everest from Munich Re America where he held the
position of President of its Regional Clients division. Prior to joining
Munich Re America in 1997, Mr. Addesso had been Chief Financial Officer
of Selective Insurance Group (NASDAQ: SIGI). He has more than 30 years
insurance industry experience with broad knowledge across the financial
and operating disciplines of a company. Mr. Addesso is a graduate of the
University of Notre Dame and is also a member of the American Institute
of CPAs.
Mr. Joseph V. Taranto, Chairman and Chief Executive Officer, said “We
are very pleased to have a seasoned executive of Dom’s caliber join the
Everest team. His financial management and operating expertise will be
instrumental in the continued success of our organization.” Ralph E.
Jones III, President and Chief Operating Officer, said, “I have known
Dom for many years. He will be an outstanding addition to our management
team.”
Mr. Addesso succeeds Craig Eisenacher who has announced his plans to
retire. Mr. Eisenacher will be assisting during the transition period to
ensure continuity through the end of the year. We want to thank Craig
for his many contributions to Everest and wish him well in his
retirement.
Everest Re Group, Ltd. is a Bermuda holding company that operates
through the following subsidiaries: Everest Reinsurance Company provides
reinsurance to property and casualty insurers in both the U.S. and
international markets. Everest Reinsurance (Bermuda), Ltd., including
through its branch in the United Kingdom, provides reinsurance and
insurance to worldwide property and casualty markets and reinsurance to
life insurers. Everest Reinsurance Company (Ireland), Limited provides
reinsurance to nonlife insurers in Europe. Everest National Insurance
Company and Everest Security Insurance Company provide property and
casualty insurance to policyholders in the U.S. Everest Indemnity
Insurance Company offers excess and surplus lines insurance in the U.S.
Additional information on Everest Re Group companies can be found at the
Group’s web site at www.everestre.com.
Everest Global Services, Inc.
Elizabeth B. Farrell
Vice
President, Investor Relations
908-604-3169
