Everest Insurance announced that Erik Nikodem, president of Global Property, will retire in mid-July, following a three-decade career.
“Erik has been a driving force within our company during the last six years,” said Mike Karmilowicz, president and CEO of Everest Insurance. “I am grateful for his leadership and for helping to build our property division into the world-class business it is today, serving our brokers and clients throughout the United States, Latin America, Europe, and Asia. We wish Erik all the best in a well-deserved retirement and a new life chapter.”
Everest also announced three key leadership appointments in its U.S. and Global Property Division.
Chris Curtin has been appointed senior vice president and head of U.S. Property. He is based in Boston and will report directly to Karmilowicz. Curtin will be responsible for driving growth in U.S.-based Wholesale, Retail, Inland Marine and Middle Market property segments. He will also oversee the execution of the firm’s property underwriting strategy. Curtin joined Everest in 2016.
Patrick Hagerty will assume the role of vice president, division underwriting officer for U.S. Property. He will be based in New York and will report to Curtin. Hagerty will also serve as a key member of the Global Property leadership team to execute on the company’s mission, set and manage risk appetites across products, geographies and occupancies, and help steer the division’s overall strategic direction. He joined Everest from AIG in 2021, where he served as the deputy chief underwriting officer for Retail Property.
Maria Grace, head of International Property, has been named chief underwriting officer of Global Property. She will continue to be based in London, reporting to Mike Mulray, chief operating and underwriting officer for Everest Insurance. Grace most recently served as head of International Property, overseeing European and Asian property operations.
Specialty insurer and reinsurer Convex Group Limited announced that Paul Brand, who founded the business in 2019 with Stephen Catlin, will become group CEO effective July 1.
Brand has been deputy CEO since Convex was founded. He has 40 years of insurance industry experience, including 31 years at Catlin and XL Catlin. He was chief underwriting officer at Catlin from 2003-2015 and CUO (Insurance) at XL Group following the Catlin takeover from 2015-2017. He was also chairman of Accelerate, XL Catlin’s in-house innovation team, from 2016-2018, when he and Catlin began to work on the formation of Convex.
“I am truly delighted that Paul has been appointed CEO by the board,” said Executive Chairman Catlin in a statement. “When we launched Convex in 2019, the plan was that Paul would become CEO in due course and his appointment has been fully endorsed by our shareholders. He has led the team which has built Convex into a superb business with a strong competitive advantage and hard to replicate intellectual property. This promotion is very well deserved.”
Hiscox has appointed Steve Prymas as chief underwriting officer in the U.S. He will report to Kevin Kerridge, CEO Hiscox USA.
Prymas joins Hiscox from Embroker, where he helped to grow the InsurTech’s business as chief insurance officer. He has also held senior leadership roles at Gen Re and The Hartford.
“Steve will be a great asset to the Hiscox team,” said Kerridge. “He has exceptional breadth and depth of knowledge across financial and professional insurance lines, as well as an inherent understanding of the small business and middle market. Steve will tap into his background in digital insurance and be a driving force on our continued journey towards a best-in-class ecosystem of technical and digital excellence.”