Everest Re, a global provider of reinsurance and insurance, has announced the promotion of Don Mango to chief risk officer and chief actuary, effective on March 30. He will report to Everest Re Group President and CEO Juan Andrade.
Mango joined Everest Insurance in September 2018 as global head of actuarial pricing and modeling, responsible for leading the insurance global actuarial pricing and modeling team and executing on all aspects of pricing and portfolio management strategies. In this new role, Mango will be responsible for the development and implementation of Everest’s risk management strategy, enterprise risk management (ERM) framework, and related processes across the Group, including capital performance management and reserving.
He will also oversee the governance of the actuarial function. Mango’s appointment elevates the ERM function to the executive management committee and facilitates stronger integration of ERM with actuarial reserving, pricing, and modeling functions, the company said.
Tom Passante, who has served as Everest’s chief risk officer since 2014, will remain a key senior leader in its global ERM function. He will now report to Mango and help lead the integration of this new ERM framework.