Everest Re has extended the employment agreement of president and CEO Dominic Addesso until the end of 2019.

Addesso became president of Everest Re in 2011, having been CFO from 2009. He then succeeded the previous CEO, Joseph Taranto in September 2012 and has held the position ever since.

In a previous extension that was granted in December 2015, Addesso's contract would have expired at the end of 2018.

Commenting on his extension, Addesso remarked: “I am honoured to have been asked to continue my role as president and CEO of Everest. With the support of our very strong executive team and Board, I look forward to continuing to build on the vision and strategy that drives Everest’s success.”