Everest Insurance, a subsidiary of Bermuda-based (re)insurer Everest Re Group, has appointed Mike Hoffman as head of risk & ceded reinsurance.

In this newly created role, Hoffman will lead a team with responsibility for all aspects of the global ceded reinsurance strategy for the Insurance Division and report into Mike Mulray, chief operating officer and chief underwriting officer, Everest Insurance.

Based in the Bermuda office, he will also be responsible for Risk Management within the Insurance Division, as part of the Group Enterprise Risk Management structure.

Hoffman joins the business after 15 years with Allied World Assurance, where he most recently served as global insurance chief underwriting officer. Prior to that, he spent 14 years with Chubb in a variety of roles the US and Bermuda.

Mulray said: “Talent remains core to the Everest strategy and adding someone of Mike’s caliber in such a critical role will continue to propel us forward on our mission of delivering consistent underwriting profitability. With three decades of industry experience, Mike has a proven track record of strong execution, portfolio management, and driving results.”