Everest Re Group Ltd has announced the promotion of Dominic Addesso to the role of president.Mr Addesso joined Everest two years ago as executive vice-president and chief financial officer.Prior to his employment with the company, he was president of regional markets for Munich Re America. The company will initiate a search for a new CFO, during which time he will continue in the role.Joseph Taranto, chairman and CEO of Everest Re, said: “It is rare to have an executive with such a wealth of experience on both the financial and operational sides of our business. Dom is an outstanding leader with the highest integrity. It has been a pleasure working with him as CFO, and I look forward to working with him as president.”John Doucette has also been promoted to chief underwriting officer for Everest’s Worldwide Reinsurance. Mr Doucette joined Everest three years ago as executive vice-president. His responsibilities have included managing the company’s US property, marine and aviation operations as well as overseeing enterprise risk management and actuarial pricing.