Dominic Addesso, the former CEO of Everest Re, has been appointed by independent insurance and reinsurance brokerage BMS Group as its new Non-Executive Chairman of its U.S. reinsurance broking arm.
Addesso departed from insurance and reinsurance carrier Everest Re at the end of 2019, following six years at the company.
BMS has strengthened its board significantly with an announcement today that Addesso would take on the Non-Executive Chairman role, while another industry luminary LoriAnn Lowery-Biggers takes on an independent Non-Executive Director position, at BMS Intermediaries Inc., the BMS Group’s U.S. reinsurance intermediary unit.
Both Addesso and Lowery-Biggers are also becoming independent Non-Executive Directors of BMS Investment Holding Company, the holding company for the broader BMS Group, effective immediately.
Nick Cook, CEO at BMS Group, commented on the news, “The appointments of Dom and LoriAnn are testament to our determination in attracting industry leading talent and to the scale of our ambition in North America. Dom’s distinguished career in the reinsurance market will contribute greatly to our business as we continue to invest and grow in this sector; LoriAnn is a highly-respected leader with a global reputation and extensive market relationships. The opportunities created by these hires are evident to us and I look forward to working with them and Pete Chandler, our US CEO, in growing our business.”
Addesso has more than 41 years of insurance and reinsurance sector experience having held various roles at Munich Re America from 1997 including President of US Treaty, then moving on to Everest Re in 2011. Addesso began his insurance career in 1978 at Selective Insurance.
Lowery-Biggers has more than 30 years of global financial and insurance market experience, most recently gained at The Navigators Group, Inc. having joined as President of the Group’s Field Operations in 2009 and most recently been its Group Chief Marketing Officer. Lowery-Biggers also held the position of President of Lloyd’s of London, North America, leading the markets business operations across the US and Canada. She has also held senior positions at Wells Fargo Insurance Services and brokerage Marsh and McLennan Companies.
John Hastings-Bass, Chairman of BMS Group, also said, “Dom and LoriAnn are major influencers in our industry with the wisdom and peerless experience to make an invaluable contribution to BMS as we grow in the US and more broadly. I warmly welcome both.”
Addesso added, “BMS’s driven and ambitious team is focused on developing innovative and individualised solutions for clients. The executive leadership has a clear reinsurance strategy and invests time and resources in supporting all employees in developing their value to clients. I’m excited to join such a talented and close-knit team, and I’m particularly looking forward to working with them to further accelerate the development of the US reinsurance platform.”
Lowery-Biggers commented, “BMS’s clear vision and dynamic culture has made it one of the fastest-growing companies in the market and a genuine global choice for clients whose options are becoming increasingly limited. It’s an exciting time to join and I look forward to working with the executive team in the US and the wider group on executing a strategy that serves the best interests of its global clients.”