Everest Group has named Craig Hanrahan (pictured) as global distribution and chief commercial officer, effective August 1, 2026, in an appointment that carries specific commercial timing. Average commercial P&C premiums across all account sizes fell 1.2% in Q1 2026, the first broad-based decline since 2017 and the end of a 33-quarter streak of increases, with 72% of brokers reporting increased property underwriting capacity, per the Council of Insurance Agents & Brokers’ Commercial P&C Market Index. On the reinsurance side, global reinsurance capital reached a record $785 billion at end of 2025 per Aon, while Guy Carpenter’s property catastrophe rate-on-line index fell 12% at the January 2026 renewals, giving cedants considerably more negotiating leverage than in the recent hard market. When both the insurance and reinsurance sides of a combined group face softening simultaneously, distribution and broker relationships become the primary competitive differentiator – which is precisely what Hanrahan’s newly expanded global mandate is designed to address.
Everest Group appoints Craig Hanrahan as chief commercial officer
