HAMILTON, Bermuda - Everest Group, Ltd. (NYSE: EG), a leading global provider of reinsurance and insurance solutions, has announced the promotion of Jill Beggs to Executive Vice President and Chief Operating Officer of its Reinsurance Division. Concurrently, Jiten Voralia has been elevated to Head of North America Treaty Reinsurance. These leadership changes are effective immediately, as the company continues to focus on profitable growth and strategic objectives.
In her new role, Ms. Beggs will oversee the worldwide portfolio of the division, which includes Global Treaty, Facultative, and Specialty reinsurance businesses, as well as Mt. Logan. She will report to Jim Williamson, COO of Everest Group and Head of Reinsurance. Williamson praised Beggs for her leadership and impact on the reinsurance market, expressing confidence in her ability to help Everest maintain its market position and achieve strategic goals.
Ms. Beggs, who rejoined Everest in 2021, has been instrumental in driving profitable expansion and key global initiatives. Her prior experience includes over two decades at Munich Re, where she led U.S. treaty and facultative programs and was involved in innovation initiatives. Her industry recognition includes being named to the Business Insurance 2023 "Women to Watch" list.
Jiten Voralia, with over twenty years of reinsurance experience, will now lead the treaty reinsurance business across the United States, Bermuda, and Canada, reporting to Ms. Beggs. He will also continue to oversee the North America Treaty Casualty business until a successor is appointed. Voralia's experience includes various leadership roles at Swiss Re (OTC:SSREY), enhancing his expertise in the field.
Juan C. Andrade, President and CEO of Everest, highlighted the collaborative and high-performing culture at Everest, attributing the promotions to the strength of the leadership team and the reinsurance business's success in delivering value to stakeholders.
Everest, known for its disciplined approach to underwriting, risk management, and a 50-year track record, offers property, casualty, and specialty reinsurance and insurance solutions. Everest's common stock is part of the S&P 500 index.
The information in this article is based on a press release statement from Everest Group, Ltd.
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