Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, 2019.

Addesso has issued a short statement about the extension, one that underscores Everest Re’s focus on staying the course.

“I am honored to have been asked to continue my role as president and CEO of Everest,” Addesso said. “With the support of our very strong executive team and board, I look forward to continuing to build on the vision and strategy that drives Everest’s success.”

Addesso joined Everest in 2009 as executive vice president and chief financial officer, and was promoted to president in 2011. Before Everest Re, he was president of regional markets for Munich Re America.

Addesso became chief executive officer on Jan. 1, 2014. He replaced Joseph Taranto, who retired.

Source: Everest Re Group Ltd.