100 Everest Way
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Senior Vice President, Chief Communications Officer
WARREN, New Jersey — August 28, 2023 — Everest Insurance®, the insurance division of Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed Melissa McDermott as Global Chief Actuary, effective immediately.
Ms. McDermott joins Everest’s experienced leadership team of global executives, reporting directly to Mike Karmilowicz, President and CEO of Everest Insurance®. She brings extensive experience overseeing global teams and actuarial strategies across the Property and Casualty industry. She will partner with the actuarial, underwriting, and claims teams across the global Insurance organization, as well as Everest’s reserving teams.“Melissa is a recognized leader in the actuarial world, known for shaping complex, global pricing and reserving strategies that drive profitable growth,” said Mike Karmilowicz. “She is a strategic, trusted partner to underwriters, business leaders and brokers industry-wide and I am thrilled Melissa is here to support the continued success of our insurance portfolio at a time of ongoing growth and expansion.”
Ms. McDermott’s actuarial career spans nearly three-decades and includes actuarial leadership roles for some of the world’s largest global insurance companies. She was most recently Chief Actuary for North America General Insurance at AIG where she led the pricing, reserving and portfolio management strategy for several lines of business. Prior to that, she was Head of Global Specialty, Insurance Pricing at AXA XL and spent eight years at Travelers, where she held a variety of roles as part of the company’s actuarial and executive leadership rotational program. Ms. McDermott earned a bachelor’s degree in Actuarial Science from The Ohio State University and is a long-term member of the Associate of the Casualty Actuarial Society (ACAS), as well as a member of the advisory board for Women in Leadership Program at the University of New Haven.
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) 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.everestglobal.com.