Everest Re Group promoted one of its executives to the role of Everest Group chief risk officer and chief actuary. Willis Towers Watson appointed a former Marsh Canada executive to a leadership role.
Everest Re Group Ltd. (Everest) promoted Don Mango to the position of Everest Group chief risk officer and chief actuary, effective March 30.
In this new role, Mango will report to Everest Re Group President and CEO Juan Andrade. He will handle the development and implementation of Everest’s risk management strategy, enterprise risk management framework and related processes across the group, including capital performance management and reserving. Mango will also oversee the governance of the actuarial function.
Mango’s appointment elevates the enterprise risk management (ERM) function to the Executive Management Committee and facilitates stronger integration of ERM with actuarial reserving, pricing and modeling functions.
Tom Passante, who has served as Everest’s chief risk officer since 2014, will remain a key senior leader in the company’s ERM function. He will now report to Mango and help lead the integration of this new enterprise risk management framework.
Mango joined Everest Insurance in September 2018 as the global head of Actuarial Pricing and Modeling. Before Everest, Mango spent more than 30 years as an actuary and thought leader in insurance, reinsurance, ERM, innovation and InsurTech at companies including Guy Carpenter, GE Insurance Solutions and Munich Re.
Succeeding Mango as global head of Actuarial Pricing and Modeling for the Insurance Division will be Cameron Vogt. Vogt currently leads the actuarial pricing, catastrophe modeling and ceded reinsurance analytics teams for Everest Insurance.
Willis Towers Watson appointed Susan Finbow as global head of FINEX (Financial, Executive and Professional Risks) Financial Institutions.
Based in Toronto, Finbow will be responsible for the direction and servicing of FINEX Financial Institutions teams and client portfolios worldwide. She will oversee the development of a FINEX Financial Institutions community worldwide, will develop creative risk products and services for Willis Towers Watson clients across the FINEX product lines, and will be responsible for driving business growth.
Before joining Willis Towers Watson, Finbow was with Marsh Canada for nearly 24 years and held the role of Financial Institutions Industry practice leader for the last 13 years of her tenure. In this role, Finbow was responsible for setting the overall growth strategy and alignment with the firm’s strategic imperatives across Canada.
Sources: Everest Re Group, Willis Towers Watson