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In her new position, McDermott will report directly to Everest insurance CEO Mike Karmilowicz, effective immediately.
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In late May, this publication revealed the appointment along with Mauro Signorelli’s, who served as head of international cyber at Aspen Insurance.
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Schawe joins the San Francisco-based brokerage after over four years at Marsh, where he was managing director and head of office.
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The executive has over 20 years of specialty insurance experience and most recently served as Everest’s head of financial and professional lines.
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Inside P&C’s news team runs you through the key highlights of the week.
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The executive joins Patriot Growth after almost two years at Aquiline-backed retailer Relation, where he was CFO.
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The executive joined the company from Scor, where he helped to launch Scor P&C Ventures.
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The carrier has taken advantage of what it says are inherent strengths in talent and tech as well as a ‘golden’ E&S age.
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The reshuffle is effective immediately, but Troy will remain with the AAA insurer until September 15 to support the transition.
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The appointment follows that of Williams and Drakontaidis as head of contract surety and head of commercial surety respectively.
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Julie Wood, group head of distribution, will step into the role of interim CEO until a replacement is found.