Everest Re Group, Ltd. Appoints Hazel McNeilage to its Board of Directors

Rhea-AI Summary

Everest Re Group has appointed Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately. McNeilage brings over four decades of global financial services experience, emphasizing investment management and corporate growth strategies across multiple regions. She has served in executive roles for renowned financial institutions and holds board positions at companies like Reinsurance Group of America (RGA). The appointment aims to enhance Everest's leadership and align with its strategy for stakeholder value creation.

Positive

• McNeilage's extensive global experience could provide fresh perspectives for Everest's strategic direction.
• Her background in investment management and corporate governance aligns with Everest's goals.

Negative

• Potential concerns about continuity in leadership, given McNeilage's recent transition into her board role.

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, announced the appointment of Hazel McNeilage as an independent, non-executive member of its Board of Directors, effective immediately.

“Hazel’s extensive global business experience and exceptional leadership acumen make her a valuable addition to Everest’s Board,” said Juan C. Andrade, Everest President and CEO. “Hazel brings a diverse, global perspective from decades of experience leading corporate growth and transformation strategies spanning five continents. I look forward to working closely with Hazel as we continue to generate positive momentum for the company and our shareholders.”

Ms. McNeilage’s four-decade-long career is built on deep global financial services experience with specialization in investment management, distribution, business and technology transformation, international regulation and governance. Serving in various executive leadership roles, she led expansion and restructuring strategies for multiple leading financial institutions across the United States, Europe, Australia, South Africa, and Asia. Most recently, she was Head of EMEA for Northern Trust’s Asset Management business and served as a member of the company’s global and international management teams. She held various executive roles in global investment management at Principal Financial including Global Head of Distribution and Head of International Investments and she was part of the executive team that successfully navigated the business through the financial crisis. Earlier in her career, Ms. McNeilage served as Head of Investment Consulting for Asia Pacific with Towers Perrin.

Ms. McNeilage has significant experience serving on the boards of large, multi-national Fortune 500, early-stage and not-for-profit organizations. She currently serves on the board of Reinsurance Group of America (NYSE: RGA), and Scholarship America as well as the advisory board of 9^th Gear Technologies. Ms. McNeilage is a Fellow of both the Institute and Faculty of Actuaries (UK) and the Institute of Actuaries of Australia. She earned certificates from Carnegie Mellon University and Harvard University in cyber security, a certificate from Massachusetts Institute of Technology in artificial intelligence, and she is a Board Leadership Fellow of the National Association of Corporate Directors. Ms. McNeilage earned a Bachelor of Science (Hons) degree from the University of Lancaster, England.

“On behalf of the Board, I am delighted to welcome Hazel to Everest. She is a highly accomplished international financial services leader whose diverse expertise perfectly complements the skills and experiences of our board members,” said Joseph V. Taranto, Everest Chairman. “Hazel’s multi-faceted background and proven advisory experience will be significant assets as we continue to execute our strategy and deliver value to our stakeholders.”

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/20221116005338/en/

Media: Dawn Lauer

Chief Communications Officer

Everest Global Services, Inc.

908.300.7670

Investors: Matt Rohrmann

Head of Investor Relations

Everest Global Services, Inc.

908.604.7343

Source: Everest Re Group, Ltd.

FAQ

Who is Hazel McNeilage and what is her role at Everest Re Group?

Hazel McNeilage has been appointed as an independent, non-executive member of the Board of Directors of Everest Re Group.

What experience does Hazel McNeilage bring to Everest's Board?

McNeilage brings extensive global financial services experience, specializing in investment management and corporate growth strategies.

When did Hazel McNeilage join the Board of Everest Re Group?

Hazel McNeilage's appointment to Everest's Board of Directors became effective immediately upon announcement.

What is the significance of McNeilage's appointment to investors of Everest Re Group?

Her appointment is expected to enhance strategic initiatives and provide value to shareholders through her diverse expertise.

Which other boards does Hazel McNeilage serve on?

She currently serves on the board of Reinsurance Group of America (RGA) and other organizations.