Thomas Passante, FCAS, CERA, MAAA is the Chief Risk Officer of Everest Re Group, Ltd. He has worked at Everest Re since July of 2006 and has been leading the Enterprise Risk Management function for the Group since May of 2012. He and his team are responsible for developing and maintaining Everest’s internal economic capital model, the results of which are compared to regulatory and rating agency capital requirements. In addition, results of the model are used to drive capital allocation for pricing new business. Passante actively monitors the Group’s key risk positions to ensure that they remain within the company’s defined Risk Appetite levels, and these results are communicated to the Board of Directors on a quarterly basis. He also closely monitors regulatory developments around the globe, and meets with various rating agencies at least once per year, to ensure that Everest is meeting or exceeding all requirements on those fronts.
Passante previously served as the Chief Reinsurance Pricing Actuary at Everest Re for almost six years before taking on his current role. Prior to joining Everest Re, he worked at Swiss Re for eleven years and St. Paul Re for four years in various actuarial capacities. Passante graduated summa cum laude with a B.E. in Electrical Engineering from The Cooper Union for the Advancement of Science and Art, and also earned an M.S. in Electrical Engineering from Princeton University. He is a Fellow of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, and a Member of the American Academy of Actuaries.