Everest Mourns the Passing of Board Director John Arthur Weber

Rhea-AI Summary

Everest Re Group, Ltd. (NYSE: RE) mourns the passing of Board Director John Arthur Weber on December 25. Weber, a member since 2003 and Chairman of the investment committee for 18 years, was instrumental to the company's success. His career spanned over five decades, including leadership roles at State House Capital Management and Aviva Plc. Colleagues express deep sympathy for Weber's family, honoring his legacy of service, intelligence, and kindness. Everest remains committed to providing innovative property and casualty insurance solutions globally.

Positive

• John Arthur Weber contributed significantly to Everest's success over two decades.
• Weber's leadership as Chairman of the investment committee for 18 years strengthened the company's investment strategies.

Negative

• The passing of a long-serving board director may impact investor confidence and corporate governance.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (“Everest”) (NYSE: RE) today announced with great sorrow the December 25 passing of Everest Board Director John Arthur Weber.

“It has been an honor for me and my fellow Directors to serve alongside John,” said Joseph V. Taranto, Everest Chairman. “John’s contributions to Everest’s success over the past two decades have been invaluable. He was so proud to be part of Everest and believed deeply in our vision. Everest is a better company because of his counsel, warmth, and kind spirit. We are privileged to have had such a wonderful colleague and friend.”

Weber was elected to the Everest board of directors in 2003, serving as Chairman of the investment committee for 18 years. Over his distinguished five-decade long career as an investment analyst and manager of mutual funds and pension fund assets, Weber held a variety of roles culminating in Senior Vice President and President of State House Capital Management. He was also Chairman of Aviva Plc's North American Investment Management group. In retirement, Weber was the managing partner of Copley Square Capital.

In addition to his professional accomplishments, Weber served in the U.S. Army as a 1st Lieutenant and tank platoon leader in an armored cavalry regiment in Vietnam. He served on the Boards of Morley Fund Management of London and Pilot Insurance of Toronto. Weber was an advocate of higher education and served as an Adjunct Instructor in Finance and Investments at both the University of Hartford and the University of Connecticut.

“We are all heartbroken by the passing of our friend and share our deepest sympathies with John’s family, including his wife Nancy, son Timothy, his grandson Nicholas and his many nieces, nephews and friends,” said Juan C. Andrade, Everest President and CEO. “John epitomized Everest’s culture. He was thoughtful, intelligent, and kind. He brought a special brand of humility and wisdom to our work together. He led an exemplary life of service and his dedication to his family, country and profession is inspiring. John’s legacy is exceptional, and he will be greatly missed and never forgotten.”

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/20221229005289/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 was John Arthur Weber in relation to Everest Re Group?

John Arthur Weber was a Board Director at Everest Re Group, Ltd., serving since 2003 and as Chairman of the investment committee for 18 years.

What impact does John Arthur Weber's passing have on Everest (NYSE: RE)?

Weber's passing may affect investor confidence and the governance structure at Everest, given his long-term contributions.

When did John Arthur Weber pass away?

John Arthur Weber passed away on December 25.

What positions did John Arthur Weber hold in his career?

Weber held notable roles at State House Capital Management, Aviva Plc, and served as an Adjunct Instructor at multiple universities.