Everest Re, the global re/insurer and third-party reinsurance capital manager through its Mt. Logan Re Ltd. vehicle, has promoted well-known industry executive Don Mango to the roles of Chief Risk Officer and Chief Actuary.
Mango joined Everest Insurance in September 2018, taking on the role of Global Head of Actuarial Pricing and Modeling and responsibility for leading the firm’s insurance global actuarial pricing and modeling team, leading all aspects of pricing and portfolio management strategies.
Don Mango will take on the Everest Group Chief Risk Officer and Chief Actuary roles as of March 30th and will report to Everest Re Group President and CEO Juan C. Andrade.
He will be tasked with developing and implementing Everest Re’s group-wide risk management strategy, enterprise risk management framework, and related processes, including capital performance management and reserving. Mango will also oversee the governance of the actuarial function for the company.
With this promotion, Everest Re’s enterprise risk management (ERM) function is elevated to the Executive Management Committee the company explained, which it believes will result in tighter integration of ERM with actuarial reserving, pricing and modeling functions.
CEO Juan C. Andrade commented on the news, “Superior enterprise risk management capabilities are a competitive advantage and the backbone of a successful reinsurance and insurance organization. Don is a thought leader in our industry and he brings a wealth of deep risk management and actuarial expertise to this position. I look forward to having Don be a part of our executive management team as we continue to grow our Company.”
Mango has worked in insurance and reinsurance for more than 30 years, with a focus on actuarial operations, Enterprise Risk Management, innovation and insurtech at companies including broker Guy Carpenter, GE Insurance Solutions and global reinsurer Munich Re.
Tom Passante, Everest’s Chief Risk Officer since 2014, will stay with the company as a senior leader in Everest Re’s Global ERM function and report to Mango, helping to lead the integration of a new ERM framework.
Andrade said, “Tom Passante has built a strong ERM foundation for Everest, and he will be integral to helping us elevate our risk and capital management framework to the next level. I am grateful for Tom’s efforts and dedication in this critical area and I look forward to continuing to work with him.”
The move sees Cameron Vogt replace Mango as Global Head of Actuarial Pricing and Modeling for the Insurance Division of Everest Re. Vogt currently leads the actuarial pricing, catastrophe modeling, and ceded reinsurance analytics teams at the company and will work closely with Mango to ensure a smooth transition.
Mike Mulray, Chief Underwriting Officer of Everest Insurance commented on Vogt’s promotion, “While working closely with Don over the last two years, Cameron has been instrumental in the transformation of Everest’s actuarial pricing and cat modeling capabilities into a world class, modern era actuarial department. Cameron is a strong leader who truly exemplifies the Everest culture and will no doubt continue to be a critical enabler of our success into the future.”