Everest Insurance, the insurance division of Bermudian-based Everest Group Ltd, has promoted Harry Townsend to chief ceded reinsurance officer, leading the Ceded Re strategy for the global division.

He will be based in London, reporting to Mark Maritzen, Everest Insurance global chief underwriting officer.

“Harry has established a standard of operational excellence across our International Ceded Re business, bringing an even greater level of engagement with reinsurers,” said Mr Maritzen.

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

The company said Mr Townsend joined Everest in January as head of Ceded Reinsurance, International, from Liberty Mutual Insurance, where he most recently served as global reinsurance casualty division manager.