Everest Insurance Expands APAC Reach with Australian Arm Launch

Everest Insurance Expands APAC Reach with Australian Arm Launch
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, Ltd., has officially unveiled its Australian Insurance operations following approval from the Australian Prudential Regulation Authority.

The launch marks a significant step in the company’s efforts to bolster its presence in the Asia Pacific region. Operating under the name Everest Insurance Australia, the newly established entity will have offices in Sydney and Melbourne.

Everest provides insurance products that address the need for customised risk solutions across various sectors, including property, casualty, financial lines, professional lines, as well as energy and construction.

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Heading the Australian operations is Christian Colombera, appointed as Managing Director, Australia, and Head of the Pacific Region. Colombera will lead a team of seasoned regional underwriters dedicated to meeting the evolving needs of corporations across the Australian market.

The expansion into Australia underscores Everest Insurance’s commitment to providing tailored insurance solutions to clients in key global markets. With its strategic positioning in Sydney and Melbourne, the company aims to capitalise on opportunities and strengthen its foothold in the dynamic APAC insurance landscape.

Speaking about the move, Colombera commented, “As we continue enhancing our global presence, we bring Everest’s customer-first model and decades of underwriting discipline and financial strength to address the unique and growing needs of the Australian market.

“We have assembled a deeply experienced team with a keen understanding of local market dynamics and the challenges facing businesses demanding the capacity and expertise across a wide range of insurance needs that Everest will deliver.”

Scott Leney, Head of Asia Pacific, Everest Insurance International, said, “Australia is a top-ten global insurance market ripe for Everest’s agile and entrepreneurial approach to risk. Australian clients and brokers need Everest’s financial support, top industry talent and broad suite of specialty products and capabilities.”

Jason Keen, co-lead of Everest Insurance International, added: “Our disciplined expansion strategy positions Everest as a preferred market leader, bringing the full strength of Everest resources to key regions like Australia and globally.”

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