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Komfie Manalo, Opalesque Asia:

Everest Re has launched the Alternative Solutions Group at Everest Specialty Underwriters offering transactional risk insurance as well as professional and management liability insurance on both a primary and excess basis to private equity firms and hedge funds.

In a statement, the company said that Robert Clark was appointed as vice president to head up the new unit. Clark joined Everest in late 2015 from Axis Insurance Company, where he was vice president of the private equity group. Prior to that, Clark worked for Moody’s Investor Service as an analyst for the P&C Insurance Team, which included responsibility for a portfolio of insurance broker credits that were purchased in private equity sponsored transactions. Clark is a CFA charterholder and earned his MBA from the Thunderbird School of Global Management.

Michael Karmilowicz, head of Everest Specialty Underwriters, commented, "We are excited to have Robert leading the Alternative Solution Group as we continue to strive to be a premier provider of innovative insurance solutions for alternative asset managers. We continue to increase our footprint in the alternative asset management arena via private equity, hedge fund, and transactional risk solutions. Robert’s comprehensive background, and years of experience in the areas of fina......................

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