Everest Insurance expands APAC presence with launch of Australian arm

Everest Insurance, the insurance arm of Bermuda-based re/insurer Everest Group, Ltd., has officially launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority.

This launch is key in expanding the company’s Asia Pacific business, and the new entity will operate as Everest Insurance Australia with offices established in Sydney and Melbourne.

Christian Colombera, Managing Director, Australia and Head of the Pacific Region has been given the responsibility of leading the business alongside a team of best-in-class regional underwriters to serve the growing needs of corporations across the Australian market.

Colombera commented, “As we continue enhancing our global presence, we bring Everest’s customer-first model and decades of underwriting discipline and financial strength to address the unique and growing needs of the Australian market.

“We have assembled a deeply experienced team with a keen understanding of local market dynamics and the challenges facing businesses demanding the capacity and expertise across a wide range of insurance needs that Everest will deliver.”

Everest aims to provide insurance products that will help fill a crucial void for tailored risk solutions in the property, casualty, financial lines, professional lines, and energy and construction sectors.

Scott Leney, Head of Asia Pacific, Everest Insurance International, said, “Australia is a top-ten global insurance market ripe for Everest’s agile and entrepreneurial approach to risk. Australian clients and brokers need Everest’s financial support, top industry talent and broad suite of specialty products and capabilities.”

Jason Keen, co-lead of Everest Insurance International, concluded, “Our disciplined expansion strategy positions Everest as a preferred market leader, bringing the full strength of Everest resources to key regions like Australia and globally.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.