Everest Insurance, a subsidiary of Everest Re Group, has formed a Private Company/Not-for-Profit business segment within its Everest Specialty Underwriters unit.
The private/non-profit team will target small, middle, and large private and non-profit companies on a primary and excess basis, a release said.
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Salvatore Collura has been tapped to lead the new unit, as vice-president and national practice leader of the business segment. On top of overseeing the private/non-profit underwriting operations, Collura will also be involved in the expansion of the offering across the US.
Collura was previously associated with
Chubb, where he was vice-president in the company’s financial lines division, managing
Chubb’s New York Regional private and non-profit group. He has over 17 years of experience in the insurance industry.
“We are excited to have Sal join our team and lead this new business segment,” commented Everest Insurance head of management and professional liability Keith Lavigne.
“Everest is committed to providing innovative products and superior customer service to its customers and trading partners every day. I’ve known Sal for many years and I am confident that his leadership skills, strong relationships and technical acumen will enable Everest to successfully grow and strengthen its financial lines portfolio.”
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