Everest Appoints John Howard to Board of Directors

Rhea-AI Summary

Everest Group (NYSE: EG) has appointed John Howard as an independent, non-executive member of its Board of Directors. Howard brings over three decades of insurance and executive leadership experience, most recently serving as CEO of Truist Insurance Holdings (TIH), where he led a successful $16 billion leveraged buyout from Truist Financial

Howard's experience includes executive positions at Prudential Financial, GE, and Conseco, Inc. He currently serves on the Insurance Policy Committee of the Federal Reserve System's Board of Governors and holds positions with several industry associations. He recently transitioned to Vice Chair of TIH and continues to serve on its Board of Managers.

The appointment aims to strengthen Everest's market position and drive long-term growth and profitability. Howard holds a bachelor's degree in economics from Columbia University and an MBA from Duke University.

Positive

• Board strengthened with seasoned insurance industry executive
• New director brings experience in $16B leveraged buyout execution
• Addition of director with Federal Reserve policy committee expertise
• Strategic leadership enhancement for growth and profitability goals

Negative

• None.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that John Howard has been appointed as an independent, non-executive member of its Board of Directors, effective today.

“John is an outstanding addition to Everest’s Board. He is highly regarded in the industry with a stellar career successfully building and transforming businesses, teams, and insurance portfolios to deliver exceptional growth and value,” said Jim Williamson, Everest President and CEO. “His deep knowledge of the sector and strong relationships will be particularly valuable as we position Everest for long-term growth and profitability.”

Mr. Howard has more than three decades of diversified insurance and senior executive leadership experience at top financial services organizations with a proven track record of delivering superior results. Most recently he was Chief Executive Officer of Truist Insurance Holdings (TIH), serving in various leadership positions over the course of twenty years with the company and its affiliates. He recently led the successful $16 billion leveraged buyout of TIH from Truist Financial Corporation (formerly BB&T Corporation). TIH is one of the ten largest insurance brokerages in the U.S., where Mr. Howard established its enhanced infrastructure and operating strategy, as well as a best-in-class Board and leadership team. On January 1, 2025, Mr. Howard stepped down as CEO and assumed the role of Vice Chair of TIH, and he continues to serve on TIH’s Board of Managers.

Previously, Mr. Howard served in executive leadership positions at many other renowned organizations including Prudential Financial, GE, and Conseco, Inc. He began his career on active duty in the U.S. Navy. Additionally, Mr. Howard has extensive experience across industry associations and policymaking. He currently serves on the Insurance Policy Committee of the Board of Governors of the Federal Reserve System, the Council of Insurance Agents and Brokers, The Institutes, and the Maurice R. Greenberg School of Risk Management, Insurance, and Actuarial Science at St. John’s University. Mr. Howard earned a bachelor's degree in economics from Columbia University and a Master of Business Administration from Duke University, Fuqua School of Business.

“We are delighted to welcome John and expand Everest’s Board with his outstanding caliber of leadership, strategic insight, and integrity,” said Joseph V. Taranto, Everest Chairman. “John brings a wealth of experience in transforming businesses, driving growth, and creating value. I look forward to working with him and drawing on his counsel as we focus on strengthening Everest’s market position and delivering strong returns for our stakeholders.”

About Everest

Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.

Everest common stock (NYSE: EG) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250306771261/en/

Media: Dawn Lauer

Chief Communications Officer

908.300.7670

Investors: Matt Rohrmann

Head of Investor Relations

908.604.7343

Source: Everest Group, Ltd.

FAQ

What is the significance of John Howard's appointment to Everest Group's (EG) Board?

Howard brings 30+ years of insurance industry experience and recently led a $16B leveraged buyout at TIH, strengthening EG's strategic leadership and growth potential.

What positions does John Howard currently hold besides his new role at Everest Group (EG)?

He serves as Vice Chair and Board Member at TIH, and holds positions on the Fed's Insurance Policy Committee, Council of Insurance Agents and Brokers, and The Institutes.

When did John Howard step down as CEO of Truist Insurance Holdings before joining EG's board?

Howard stepped down as CEO of Truist Insurance Holdings on January 1, 2025, transitioning to Vice Chair role.

What was John Howard's most significant achievement at Truist Insurance Holdings before joining Everest (EG)?

He led the successful $16 billion leveraged buyout of TIH from Truist Financial and established enhanced infrastructure and operating strategy.