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Everest Promotes Harry Townsend to Head of Ceded Reinsurance

Everest Insurance, the insurance business of Bermuda-based reinsurance firm Everest Group, has promoted Harry Townsend to chief reinsurance officer, Ceded Reinsurance, where he will lead Ceded Re’s strategy for the global division.

Townsend joined Everest in January 2024 as head of international ceded reinsurance.

Previously, he worked at Liberty Mutual Insurance, where he was the head of property and casualty insurance within Global Reinsurance.

During his ten-year career at Liberty, Townsend held a variety of positions and had increasing responsibility as he focused on underwriting, specialty life and reinsurance purchasing, and portfolio management.

In his new role at Everest, he will be based in London and will report to Mark Maritzen, Global Head of Underwriting at Everest Insurance, who commented: “Harry has set the standard for operational excellence across our International Ceded Re business, which has enabled us to engage with reinsurers at an even greater level.

“Everest is focused on deepening our engagement with global reinsurance partners, and Harry brings both a strong network of relationships and the business acumen to help us expand those partnerships.”