Everest Re Group, Ltd. Names Don Mango Chief Risk Officer and Chief Actuary
March 16 2020 - 9:25AM
Business Wire
Everest Re Group, Ltd. (“Everest”) announced the promotion of
Don Mango to Everest Group Chief Risk Officer and Chief Actuary
effective March 30th.
In this new role, Don 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.
Don will also oversee the governance of the actuarial function.
Don’s appointment elevates the enterprise risk management (ERM)
function to the Executive Management Committee, and facilitates
stronger integration of ERM with actuarial reserving, pricing and
modeling functions.
Tom Passante, who has served as Everest’s Chief Risk Officer
since 2014, will remain a key senior leader in our Global ERM
function. He will now report to Mr. Mango and help lead the
integration of this new ERM framework. Mr. Andrade commented, “Tom
Passante has built a strong ERM foundation for Everest, and he will
be integral to helping us elevate our risk and capital management
framework to the next level. I am grateful for Tom’s efforts and
dedication in this critical area and I look forward to continuing
to work with him.”
Mr. Mango joined Everest Insurance® in September 2018 as the
Global Head of Actuarial Pricing and Modeling. He has been
responsible for leading the insurance global actuarial pricing and
modeling team, and executing on all aspects of pricing and
portfolio management strategies. Prior to joining Everest, Don
spent more than thirty years as an actuary and thought leader in
insurance, reinsurance, Enterprise Risk Management, innovation and
insurtech at companies including Guy Carpenter, GE Insurance
Solutions and Munich Re. Don is an Adjunct Lecturer in Actuarial
Science at the Columbia University School of Professional Studies.
Previously, Don served two terms on the Casualty Actuarial Society
(CAS) Board and four years as CAS Vice President of Research and
Development. He has authored thirteen actuarial journal articles,
nine of which were prize-winning. He was a 2019 recipient of the
CAS Matthew Rodermund Memorial Service Award in recognition of his
contributions to the actuarial profession over his career.
Mr. Andrade commented, “Superior enterprise risk management
capabilities are a competitive advantage and the backbone of a
successful reinsurance and insurance organization. Don is a thought
leader in our industry and he brings a wealth of deep risk
management and actuarial expertise to this position. I look forward
to having Don be a part of our executive management team as we
continue to grow our Company.”
Succeeding Mr. Mango as Global Head of Actuarial Pricing and
Modeling for the Insurance Division will be Cameron Vogt. Mr. Vogt
currently leads the actuarial pricing, catastrophe modeling, and
ceded reinsurance analytics teams for Everest Insurance®. Don and
Cameron will work closely together to ensure a smooth
transition.
Commenting on Mr. Vogt’s promotion, Mike Mulray, Chief
Underwriting Officer of Everest Insurance® stated “While working
closely with Don over the last two years, Cameron has been
instrumental in the transformation of Everest’s actuarial pricing
and cat modeling capabilities into a world class, modern era
actuarial department. Cameron is a strong leader who truly
exemplifies the Everest culture and will no doubt continue to be a
critical enabler of our success into the future.”
About Everest Re Group, Ltd.
Everest Re Group, Ltd. (“Everest”) is a leading global provider
of reinsurance and insurance, operating for close to 50 years
through subsidiaries in the U.S., Europe, Singapore, Canada,
Bermuda and other territories.
Everest offers property, casualty, and specialty products
through its various operating affiliates located in key markets
around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500
index.
Additional information about Everest, our people, and our
products can be found on our website at www.everestre.com. All
issuing companies may not do business in all jurisdictions.
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version on businesswire.com: https://www.businesswire.com/news/home/20200316005441/en/
Media: Dane Lopes Group Head of Marketing & Communications
Everest Global Services, Inc. 203.388.3977 Investors: Jon Levenson
Head of Investor Relations Everest Global Services, Inc.
908.604.3169
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