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Everest Group’s regulatory filing did not give a reason for the resignation. -
In March, Insurance Insider US revealed that Arden had retained Dowling Hales to find an investor.
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WTW will hold a significant minority stake in the start-up with an option to acquire complete ownership over time.
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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business.
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The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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The executive is currently Asia Pacific CEO.
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The sale of the business was confirmed in June.
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The AIG and Stone Point-owned MGU will also look to move up-market, increase its weighting to E&S and add third-party paper.
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The appointment will be effective January 1.
