Everest Group Ltd has made Jim Williamson’s position at the helm of the company permanent.

Mr Williamson, the acting chief executive since the resignation of Juan C Andrade two weeks ago, has been appointed president and chief executive of the Bermudian-based company.

“Over the past four years, Jim has consistently demonstrated sound judgement and value creation at Everest, earning the respect of his colleagues and the board,” said chairman of the board, Joseph Taranto.

“Jim’s extensive industry experience, deep knowledge of the company and outstanding performance make him the right person to lead the next chapter for Everest.”

Before his appointment as acting chief executive, Mr Williamson served as the company’s executive vice-president and group chief operating officer, as well as head of the reinsurance and insurance divisions.

He has held roles of increasing seniority since joining Everest as group COO in 2020.

Mr Williamson's career has spanned more than two decades. He has held senior positions at The Hartford, Chubb and Ace, and covered all aspects of the P&C industry, including commercial, specialty and consumer business lines.

He said: “I want to thank the board for this opportunity and their confidence in my ability to lead Everest through a pivotal time in the company’s evolution.

“Everest is uniquely positioned, with exceptional talent and a growing global franchise, to unlock future potential.

“I look forward to working closely with our board and the entire Everest team as we focus on delivering sustainable value for our shareholders, clients and colleagues.”