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HAMILTON, Bermuda - Everest Group, Ltd. (NYSE:EG) announced Thursday the appointment of Elias Habayeb as Executive Vice President and Group Chief Financial Officer, effective on or about May 1, 2026.
Habayeb will succeed Mark Kociancic, who plans to retire after five years with the company following the first-quarter 2026 reporting cycle. Kociancic will remain with Everest as a special advisor through the transition period.
The incoming CFO brings over 30 years of finance experience in the insurance and financial services sectors. Most recently, Habayeb served as CFO of Corebridge Financial (NYSE:CRBG), where he oversaw finance and actuarial operations. According to InvestingPro data, Corebridge boasts a perfect Piotroski Score of 9, indicating strong financial health, and currently trades at a P/E ratio of 16.36 with a 3.44% dividend yield.
Prior to Corebridge, Habayeb held CFO positions at several American International Group (AIG) divisions, including General Insurance and Life & Retirement, where he led the IPO that established Corebridge as an independent company. Earlier in his career, he was CFO at International Lease Finance Corporation and a partner at Deloitte & Touche’s Capital Markets Group.
In his new role, Habayeb will report to Jim Williamson, Everest’s President and CEO, and join the company’s Executive Leadership Team.
"Elias is an outstanding financial leader whose experience, strategic insight and record of value creation will be instrumental," Williamson said in the press release.
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, Corebridge Financial reported its third-quarter 2025 earnings, showing a mixed performance. The company revealed an earnings per share (EPS) of $0.96, which was below the anticipated $1.10, marking a 12.73% miss. However, Corebridge’s revenue exceeded expectations, reaching $5.63 billion compared to the forecasted $4.87 billion, a 15.61% beat. Additionally, Corebridge Financial completed a public offering of $500 million in Series A preferred stock with a fixed rate of 6.875%. In a significant move, Morgan Stanley downgraded Corebridge Financial from Overweight to Equalweight due to concerns about spread compression, despite the company outperforming consensus expectations on an underlying basis. Following the sale of 32.6 million shares by American International Group, Christina Banthin resigned from Corebridge’s Board of Directors. This transaction reduced the number of board members AIG can designate under the existing Separation Agreement. Meanwhile, AIG’s secondary offering of Corebridge shares, priced at $31.10 per share, resulted in gross proceeds of approximately $1.0 billion.
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