Everest Re Group Ltd. has formed a Private Company/Not-for-Profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance. The new business segment will fit within all areas of Everest’s expanding Financial Lines division.
Joining Everest Insurance to lead this business segment is former Chubb executive Salvatore Collura. In his new role at Everest, Collura has been named vice president and National Practice leader of ESU’s Private/Not-for-Profit business segment. In addition to overseeing the Private/NFP underwriting operations, Collura will be involved in expanding this offering across the country, leveraging the existing Everest Insurance footprint.
At Chubb, Collura was a vice president in the Financial Lines division, responsible for managing and overseeing the underwriting operations of Chubb’s New York Regional Private and Not-for-Profit Group. Collura has more than 17 years of experience in the insurance industry, with knowledge in underwriting management liability, managing alternative risk transfer programs and implementing foreign professional indemnity policies.
The Private/NFP team will target small, middle and large private/not-for-profit companies and organizations on a primary and excess basis, delivering products and services to many industries.
Everest Re Group Ltd. is a Bermuda holding company that operates through several global subsidiaries. Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Insurance refers to the primary insurance operations of Everest Re Group Ltd. and its affiliated companies, which offer property, casualty and specialty lines insurance on both an admitted and nonadmitted basis in the U.S. and internationally.
Source: Everest Re