Everest Insurance, the primary insurance division of Bermudian-based Everest Re Group, has appointed Timothy Powell as head of financial lines.

Based in London, Mr Powell will report to Adam Clifford, co-lead of Everest Insurance International.

He succeeds Christian Colombera, who will assume the role of managing director of Australia and head of the Pacific region, pending regulatory approval.

Most recently, Mr Powell served as global head of financial lines and cyber for Zurich Insurance Group.