Everest Group 's Everest Insurance has named Melissa McDermott as the global chief actuary for the business. McDermott will report to Everest Insurance president and CEO Mike Karmilowicz in the new role. In the new position, McDermott will work with the actuarial, underwriting, and claims teams in the company's insurance business and the reserving teams. Prior to joining Everest, she held the position of chief actuary for AIG's North America General Insurance business.

In that role, McDermott oversaw the pricing, reserving and portfolio management operations of various business lines. Before her stint at AIG, McDermott served as insurance pricing global speciality head at AXA XL. The latest development comes after Everest appointed Charlie Higham as the new senior vice president and head of Everest Underwriting Partners, an underwriting unit of the company.

He will oversee all programme administrator and digital distribution collaborations in the new role. Higham succeeds Brian Drum, who is slated to retire from the role on 1 September 2023.