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HAMILTON, Bermuda - Everest Group, Ltd. (NYSE:EG), a prominent insurance industry player with a market capitalization of $14.5 billion, announced Wednesday that Executive Vice President and General Counsel Ricardo Anzaldua plans to retire in the coming months after serving in the role since June 2023.
The global underwriting company has begun searching for a successor. Anzaldua will continue serving as General Counsel during the transition period, according to a company press release.
During his tenure at Everest, Anzaldua has guided the company through multiple corporate transactions and contributed to the expansion of its international business. He currently serves as a member of Everest’s Executive Leadership Team.
"His expertise across the regulatory, governance and legal landscape has been instrumental in Everest’s growth and transformation," said Everest President and CEO Jim Williamson in the announcement.
Anzaldua’s retirement will conclude a three-decade career in the legal field. "It has been a privilege to serve as Everest’s General Counsel, advancing the Company’s strategic objectives alongside this talented team of professionals," Anzaldua stated.
Everest Group provides property, casualty, and specialty reinsurance and insurance solutions globally. The company’s common stock is a component of the S&P 500 index.
In other recent news, Everest Group Ltd delivered a strong performance in Q2 2025, surpassing analysts’ expectations. The company reported earnings per share of $16.1, exceeding the forecasted $14.84, marking an 8.49% positive surprise. Revenue also came in higher than expected at $4.49 billion, compared to the anticipated $4.41 billion. In other developments, Raymond James downgraded Everest Group from Strong Buy to Outperform, adjusting the price target to $375.00 from $410.00. This downgrade reflects concerns about growth as the company shifts toward capital management activities, including share repurchase programs. Additionally, Everest Group announced the appointment of Laura Hay as an independent, non-executive member of its Board of Directors. Hay brings over 30 years of experience in insurance and financial services, having previously served as Global Head of Insurance at KPMG LLP. These recent developments highlight significant changes and achievements for Everest Group.
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