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Everest names three new underwriting execs

Everest Insurance has announced three new executive appointments in its underwriting leadership.

Mike Harnett has been named chief underwriting officer for Everest Insurance in North America, Erik Nikodem has been appointed global head of property and Neil Lightbown will join the organisation as chief underwriting officer of Everest Global Markets, effective 1 October.

Harnett joined Everest Insurance in 2017 as deputy chief underwriting officer after 13 years with ACE. The firm said he has been a “key leader” in the organisation’s evolution, building out Everest’s governance framework.

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In his new role, he will drive Everest Insurance underwriting excellence across North America. He will report to Everest Insurance COO, Mike Mulray, and will remain based in the company’s Philadelphia, PA, office.

Nikodem joined Everest Insurance in May 2016 to lead the newly formed U.S. Property division. Over the past four years, he has overseen the growth, strategy and profitability of the division’s retail property, excess and surplus property, and inland marine space.

Prior to joining Everest, Nikodem worked at AIG, where he most recently held the role of president and global property executive of its Americas Region. He will continue to report to Everest Insurance president and CEO, Mike Karmilowicz, and will remain based in the company’s Boston office.

Finally, Lightbown joins Everest after five years with Allied World Assurance, where he was most recently global markets chief underwriting officer. With nearly four decades of experience, the firm added that Lightbown has a “strong record” of building and transforming portfolios throughout his career, having worked in both the Lloyds and company markets.

He will also report to Everest Insurance COO, Mike Mulray and to Vincent Vandendael, CEO of Everest Global Markets. He will be based in the company’s London office.

Karmilowicz said: “Today’s announcement further demonstrates the depth of talent within our organisation and the strength of the Everest culture which continues to attract industry-leading talent to our firm.

“Our Global Markets operation is a critical component of our diversified portfolio. I am excited to have Neil and Erik on board to lead aspects of our evolving and expanding global strategy. At the same time, Mike will guide the underwriting excellence in our established North America region that complements our continued organisational build-out across the world.”

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