EG 8-K
Everest Group, Ltd. (EG)
8-K
2025-01-08
For: 2025-01-03
View Original
Added on
April 08, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 8, 2025 (January 3, 2025 )
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | ||||||
| of incorporation) | File Number) | Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code 441 -295-0006
Not Applicable | ||
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Class | Trading Symbol(s) | Name of Exchange where registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act. ☐
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 3, 2025, Juan C. Andrade, President and Chief Executive Officer and director of Everest Group, Ltd. (“Everest”) notified Everest that he was resigning to pursue another opportunity.
On January 5, 2025, the Board of Directors of Everest (the “Board) appointed Jim Williamson, age 50, as Acting Chief Executive Officer effective immediately. The Board is also designating Mr. Williamson to replace Mr. Andrade as a member of the Board, effective January 8, 2025.
Mr. Williamson joined Everest in October 2020 as Executive Vice President and Chief Operating Officer (“COO”). In May 2021, Mr. Williamson took on additional responsibilities as Head of Reinsurance for Everest and in March 2024, he expanded his role to lead Everest’s global reinsurance and insurance businesses. In April 2024, Mr. Williamson was elected as the Chair of the Reinsurance Association of America. Prior to Everest, Mr. Williamson spent seven years with Chubb Limited (“Chubb”) in various positions, including as Division President, North America Small Business from January 2016 until September 2020. Mr. Williamson also spent over eight years at The Hartford Financial Services Group, Inc. (“The Hartford”), where he began his insurance career as a casualty underwriter and later led the underwriting and service operation for the small business insurance franchise. Over his career – spanning Everest, The Hartford, Chubb and ACE – Mr. Williamson has held senior positions in all aspects of the P&C industry including commercial, specialty and consumer lines of business in the United States and internationally. He has also had functional responsibilities for actuarial, technology and claims organizations during his career. Mr. Williamson holds an MBA from The Wharton School at the University of Pennsylvania and a B.S. from Bryant College.
On January 8, 2025, the Company issued a press release regarding the appointment of Mr. Williamson as the Acting Chief Executive Officer, which is furnished herewith as Exhibit 99.1 and is incorporated by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits | ||||||||||
| Exhibit No. | Description | ||||||||||
| 99.1 | News Release of the Registrant, dated January 8, 2025 | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVEREST GROUP, LTD. | ||||||||
| By: | /S/ ROBERT J. FREILING | |||||||
| Robert J. Freiling Senior Vice President and Chief Accounting Officer | ||||||||
Dated: January 8, 2025 | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description of Document | Page No. | ||||||||||||
| 5 | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | |||||||||||||
NEWS RELEASE |  | |||||||
EVEREST GROUP, LTD.
Seon Place, 141 Front Street, 4th Floor, Hamilton HM 19, Bermuda
Contacts
Media: Dawn Lauer Investors: Matt Rohrmann
Chief Communications Officer Head of Investor Relations
908.300.7670 908.604.7343
Everest Group Announces Leadership Transition
Appoints Jim Williamson Acting Chief Executive Officer
President and CEO Juan C. Andrade Departs Company
HAMILTON, Bermuda -- (BUSINESS WIRE) – January 8, 2025 – Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty and specialty insurance and reinsurance solutions, today announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, has been named Acting CEO, and accordingly has joined Everest’s Board of Directors, both with immediate effect.
Juan C. Andrade, who has served as President and CEO since 2020, has stepped down from his role to pursue a new position as CEO of a prominent financial services firm.
“The Board of Directors has great confidence in Jim and is pleased to have appointed him to take the helm at Everest,” said Chairman of the Board Joseph Taranto. “His appointment is consistent with the Board’s succession planning process, and we believe that his deep experience spanning insurance and reinsurance sectors, functional areas and geography will deliver value for stakeholders and position Everest well for the future. Jim will continue to partner with an experienced and talented group of senior colleagues, including CFO Mark Kociancic, to achieve Everest’s long term strategic goals. In addition, we wish Juan well in his new position.”
A 20-year veteran of the insurance industry, Mr. Williamson brings a wealth of experience to his new role. After joining Everest in 2020 as Group COO, he assumed the expanded role as Head of the Company’s Reinsurance Division in May 2021 and was promoted to lead both the Reinsurance and Insurance businesses in March 2024. Over his career – spanning Everest, The Hartford, Chubb and ACE – Mr. Williamson has held senior positions in all aspects of the P&C industry including commercial, specialty and consumer lines of business in the US and internationally.
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: 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.