Everest Appoints Brent Hoffman as Interim General Counsel; Announces the Departure of Sanjoy Mukherjee

Rhea-AI Summary

Everest Re Group, Ltd. (NYSE: RE) has appointed Brent Hoffman as interim General Counsel, succeeding Sanjoy Mukherjee, effective April 21, 2023. Hoffman brings over 25 years of experience in the legal and insurance sectors, previously serving as AXA XL's Chief Claims Officer. Mukherjee will assist in the transition as an advisor until July 2023. President and CEO Juan C. Andrade expressed confidence in Hoffman's capabilities to lead the legal team and enhance the company's strategic positioning. Everest continues to be a leader in property, casualty, and specialty reinsurance, serving a global clientele.

Positive

• Brent Hoffman's appointment brings over 25 years of relevant industry experience.
• Hoffman's prior roles include leadership positions at AXA XL and The Hartford, enhancing leadership strength.
• Continuity in leadership with Hoffman maintaining his role as Head of Claims.

Negative

• Sanjoy Mukherjee's departure raises concerns about potential continuity in legal strategy.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (“Everest”) (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Brent Hoffman has been appointed interim General Counsel, replacing Sanjoy Mukherjee who will be leaving the Company to pursue other opportunities effective April 21, 2023. The Company will be conducting a search for Mr. Mukherjee’s permanent replacement.

Mr. Hoffman brings more than 25 years of extensive legal and industry experience to the role. Prior to joining Everest, he served in several senior claims and legal positions at major global (re)insurance organizations and private practice, recently as AXA XL’s Chief Claims Officer, where he led the company’s global claims strategy and operations across multiple business lines and geographies. He also served as General Counsel – Global Claims, where he led AXA XL’s in-house legal team supporting all aspects of the company’s global claims operations. Additionally, Mr. Hoffman held senior leadership positions at The Hartford Financial Services Group, Inc., overseeing claims, litigation, and settlement strategies. He received his Bachelor of Arts from Gettysburg College and a Juris Doctor from The Dickinson School of Law.

“We are grateful for Sanjoy’s years of service to Everest and wish him all the best in his future endeavors,” said Juan C. Andrade, Everest’s President and CEO. “We welcome Brent to lead our strong legal team in the interim. His deep understanding of our business, proven leadership and industry acumen make him well suited for the role. I look forward to working closely with Brent as we continue to position Everest for future opportunity.”

After his departure on April 21, Mr. Mukherjee will remain available as an advisor to Everest to assist in the transition into July 2023.

In addition to his role as interim General Counsel of Everest, Mr. Hoffman will retain his position as Head of Claims and Chief Operations Officer for the Company’s Reinsurance business.

About Everest

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:RE) 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.everestre.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005833/en/

Media: Dawn Lauer

Chief Communications Officer

908.300.7670

Investors: Matt Rohrmann

Head of Investor Relations

908.604.7343

Source: Everest RE Group, Ltd.

FAQ

Who is Brent Hoffman and what is his role at Everest?

Brent Hoffman is the newly appointed interim General Counsel of Everest Re Group, Ltd., bringing over 25 years of legal and industry experience.

When did Sanjoy Mukherjee leave Everest Re Group?

Sanjoy Mukherjee left Everest Re Group on April 21, 2023.

What experience does Brent Hoffman bring to Everest?

Brent Hoffman has extensive experience in the legal and insurance sectors, including senior roles at AXA XL and The Hartford.

What transition support will Sanjoy Mukherjee provide?

Sanjoy Mukherjee will remain as an advisor to assist in the transition until July 2023.

What impact might the leadership change have on Everest Re Group?

The leadership change may affect continuity in legal strategy, but Hoffman's extensive experience is expected to reinforce the company's capabilities.