Everest Group Ltd. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Property-Casualty Insurers
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 8, 2025 (January 3, 2025 )
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 3, 2025, Juan C. Andrade, President and Chief Executive Officer and director of Everest Group, Ltd. (“Everest”) notified Everest that he was resigning to pursue another opportunity.
On January 5, 2025, the Board of Directors of Everest (the “Board) appointed Jim Williamson, age 50, as Acting Chief Executive Officer effective immediately. The Board is also designating Mr. Williamson to replace Mr. Andrade as a member of the Board, effective January 8, 2025.
Mr. Williamson joined Everest in October 2020 as Executive Vice President and Chief Operating Officer (“COO”). In May 2021, Mr. Williamson took on additional responsibilities as Head of Reinsurance for Everest and in March 2024, he expanded his role to lead Everest’s global reinsurance and insurance businesses. In April 2024, Mr. Williamson was elected as the Chair of the Reinsurance Association of America. Prior to Everest, Mr. Williamson spent seven years with Chubb Limited (“Chubb”) in various positions, including as Division President, North America Small Business from January 2016 until September 2020. Mr. Williamson also spent over eight years at The Hartford Financial Services Group, Inc. (“The Hartford”), where he began his insurance career as a casualty underwriter and later led the underwriting and service operation for the small business insurance franchise. Over his career – spanning Everest, The Hartford, Chubb and ACE – Mr. Williamson has held senior positions in all aspects of the P&C industry including commercial, specialty and consumer lines of business in the United States and internationally. He has also had functional responsibilities for actuarial, technology and claims organizations during his career. Mr. Williamson holds an MBA from The Wharton School at the University of Pennsylvania and a B.S. from Bryant College.
On January 8, 2025, the Company issued a press release regarding the appointment of Mr. Williamson as the Acting Chief Executive Officer, which is furnished herewith as Exhibit 99.1 and is incorporated by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits | ||||||||||
| Exhibit No. | Description | ||||||||||
| 99.1 | News Release of the Registrant, dated January 8, 2025 | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVEREST GROUP, LTD. | ||||||||
| By: | /S/ ROBERT J. FREILING | |||||||
| Robert J. Freiling Senior Vice President and Chief Accounting Officer | ||||||||
Dated: January 8, 2025 | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description of Document | Page No. | ||||||||||||
| 5 | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | |||||||||||||