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Everest Re Group has appointed Srini Maddineni (pictured above) as group chief info officer, efficient January 16.
Currently Everest’s SVP and world CIO for insurance coverage and reinsurance methods, Maddineni has thirty years of expertise within the monetary companies and insurance coverage sectors. Prior to becoming a member of Everest, he was CIO, business, North America at Chubb, the place he led know-how for business insurance coverage and oversaw a staff of over 650 professionals throughout the globe. He additionally held know-how, purposes, and consumer expertise roles at S&P Global, Bank of New York Mellon, and State Street Corporation.
This appointment will see Maddineni succeed Terry Walker, who is ready to retire by the tip of the primary quarter of 2023.
As group CIO, Maddineni shall be reporting to Jim Williamson, Everest group chief working officer.
“Srini is an accomplished executive with significant experience delivering transformative technology capabilities on a global scale,” mentioned Williamson. “He has made a meaningful impact as global CIO of reinsurance and insurance, having led all aspects of systems development across our global businesses. I look forward to collaborating with Srini and his talented team to drive our technology strategy forward.”
Everest additionally introduced the promotion of two IT executives to deputy CIO roles who will each report back to Maddineni:
- Hemal Patel, deputy CIO – company purposes & companies, will head Everest’s company methods, shared companies and portfolio administration
- Arron Lamp, deputy CIO – structure, information, and analytics will head IT innovation and digital transformation
“Today’s increasingly complex risk environment demands cutting-edge technology to help our clients navigate their most pressing challenges,” mentioned Juan C. Andrade, Everest president and CEO. “Terry has built an exceptional technology function and we are grateful for his outstanding contributions over the past several years. I am confident that Srini, along with his best-in-class team, is perfectly suited to advance our global IT capabilities and vision for the future.”