Everen Group Appoints James Peniston as Chief Investment Officer

James Peniston, Chief Investment Officer, Everen Group | Effective April 1, 2025 • Photo Credit: Everen Group

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HAMILTON, Bermuda, February 27, 2025 (BUSINESS WATCH GLOBAL) — Insurance company Everen Group has announced the appointment of James Peniston as chief investment officer, effective April 1, 2025. Peniston succeeds Ricky Lines, who is retiring as part of the company’s long-term succession plan.

Ricky Lines • Photo Credit: Everen Group

Peniston joined Everen Group in September 2023 as deputy chief investment officer. Before joining the company, he served as portfolio manager for structured credit at Arch Capital and held positions at Enstar and Anchor Investment Management. He holds a degree from the University of Vermont, an MBA from IESE Business School, and is a CFA charterholder.

Lines joined Everen Group in 2006 and served as chief financial officer until 2022 before becoming chief investment officer. He will remain with the company as a senior advisor through June 30, 2025, to assist with the transition.

“Since joining the Everen Group as CFO and later as CIO, Ricky has played a vital role in building our reputation among our members, brokers, rating agencies, and investment managers as a trusted and reliable partner. During his tenure, Ricky was instrumental in executing many important strategic initiatives, including rebranding our companies, strengthening our balance sheets and liquidity profiles, working with the rating agencies to secure and improve our credit ratings, and helping achieve substantial investment returns resulting in more than $3.5 billion in dividends for our Everen members. We are very grateful to Ricky for his many contributions and wish him the best in his retirement. I am delighted that James has accepted the role of CIO. He is a well-respected member of our team and I have no doubt that he will continue to bring his considerable expertise and leadership skills to his new role,” said Robert Foskey, president and CEO of Everen Group.

Ralph J. Egizi, chair of the board of Everen Investment Ltd., added, “Ricky leaves a considerable legacy at Everen Group – we are proud of his achievements over the past 19 years and on behalf of the board, we would like to express our sincere thanks for all he has done.”

Paul C. Reinbolt, chair of the board of Everen Specialty Investment Ltd., stated, “It has been a pleasure to work with Ricky over these many years and on behalf of the board, we wish him all the best in his well-deserved retirement.”

Everen Group operates two insurance companies: Everen, a mutual energy insurance provider with over 50 years of operation, and Everen Specialty, a commercial (re)insurer offering property and casualty insurance and reinsurance.

For more information, visit www.everengroup.bm.

Source: Everen Group