John J. Amore
About John J. Amore
John J. Amore, age 76, has served on Everest Group, Ltd.’s Board since September 2012 and is an independent director. He chairs the Nominating & Governance Committee and serves on the Audit, Compensation, and Risk Committees. Amore is a former Group Executive Committee member and CEO within Zurich Insurance Group and previously held senior roles at AIG; he also serves on non‑profit boards (W.F. Casey Foundation; Embry‑Riddle Aeronautical University trustees/committees). These credentials reflect deep insurance leadership, risk oversight, and governance experience .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Zurich Insurance Group (formerly Zurich Financial Services Group) | CEO, Global General Insurance; CEO, North America Corporate; CEO, Zurich U.S.; CEO, Zurich U.S. Specialties | 2000–2010 (consultant through 2012) | Led global P&C operations and North America businesses; executive leadership and operational oversight |
| AIG subsidiary (Commerce and Industry Insurance Company) | Vice Chairman | Pre-1992 | Senior executive role at U.S. commercial insurance carrier |
| Geneva Association | Delegate | N/A | Industry thought leadership participation |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| W. F. Casey Foundation (Brooklyn, NY) | Board of Directors | N/A | Non‑profit governance |
| Embry‑Riddle Aeronautical University | Board of Trustees; Finance, Audit, and Investment Committees | N/A | Financial oversight and governance |
| St. John’s University School of Risk Management | Overseer Emeritus | N/A | Advisory/oversight role in risk management education |
Board Governance
- Committee assignments: Audit; Compensation; Nominating & Governance (Chair); Risk .
- Independence: Board affirmatively determined Amore meets NYSE independence standards; all Audit and Compensation Committee members are independent .
- Attendance/engagement: In FY2024, the Board held four regular meetings; each then‑serving director attended at least 75% of Board and applicable committee meetings, and all directors attended the 2024 AGM .
- Committee cadence: In 2024, Audit (4), Compensation (4), Nominating & Governance (4), Risk (4), Investment Policy (4), Technology & Cyber (1), Executive (0) meetings were held—Amore’s committees align to the highest‑frequency oversight areas .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual retainer (cash or shares) | $125,000 | Standard non‑employee director retainer in 2024; no meeting or committee chair fees (Board added a Chair retainer beginning 2025) |
| 2024 share award (restricted shares) | $325,932 | Aggregate grant date fair value; 888 restricted shares granted on Feb 29, 2024 at $367.04 FMV per share |
| All other compensation | $14,206 | Dividends on restricted shares |
| Total 2024 director pay | $465,138 | Sum of components |
Additional structure details:
- Directors do not receive additional compensation for committee chairs or meeting attendance (Board Chair will receive $300,000 added retainer beginning in 2025; applies to Chair role, not committee chairs) .
- Retainer can be taken in common shares to enhance alignment .
Performance Compensation
| Equity Instrument | Grant Date | Grant Size | Vesting | Performance Metrics |
|---|---|---|---|---|
| Restricted Shares (RS) | Feb 29, 2024 | 888 shares; $325,932 grant date fair value | Vests over 3 years, equal installments | None; time‑based vesting only for directors |
Notes:
- Everest uses PSUs with multi‑year Net Operating Income ROE and TSR metrics for executives, not directors; director equity is time‑vested and not contingent on performance targets .
Other Directorships & Interlocks
| Category | Entity | Role/Exposure |
|---|---|---|
| Current public company boards | None disclosed | No over‑boarding (policy: directors serve on ≤2 other public boards) . No public board interlocks disclosed for Amore . |
| Non‑profit/academic boards | W. F. Casey Foundation; Embry‑Riddle Aeronautical University | Governance and financial oversight roles |
Expertise & Qualifications
- Insurance/Reinsurance industry, executive leadership, finance/accounting, corporate governance, risk management, business operations, human capital, international, regulatory, claims, sustainability .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total beneficial ownership | 24,122 shares | As of March 17, 2025; less than 1% of class |
| Restricted shares included (beneficial ownership footnote) | 1,812 shares | Under 2003 Non‑Employee Director Equity Compensation Plan; subject to vesting |
| Outstanding restricted shares (12/31/2024) | 1,833 shares | As of year‑end 2024 |
| Ownership guidelines | 5× annual retainer | Non‑management directors’ stock ownership guideline; compliance status by individual not disclosed |
| Hedging/pledging | Prohibited | Company policy forbids hedging or pledging of Company stock |
Governance Assessment
- Board effectiveness: Amore chairs the Nominating & Governance Committee, a central lever for board composition, refreshment, and sustainability oversight; he also serves on Audit, Compensation, and Risk—placing him at the nexus of talent, pay, risk, and financial integrity oversight .
- Independence and conflicts: The Board’s annual independence review found no material relationships impairing independence; directors must disclose conflicts under Bye‑law 21(b) and refrain from voting where conflicted .
- Attendance and engagement: At least 75% attendance and AGM participation indicate baseline engagement; committee volumes suggest substantial oversight activity in 2024 across Amore’s committees .
- Alignment: Director pay is split between fixed retainer and time‑vested equity; the option to receive retainer in shares and prohibition on hedging/pledging improve alignment; beneficial ownership exists though below 1% given Everest’s share count .
- Shareholder signals: Say‑on‑pay support was 93% in 2024, indicating broad investor acceptance of Everest’s compensation governance framework (while focused on executives, it signals overall compensation governance quality) .
- RED FLAGS: None disclosed for Amore regarding related‑party transactions, hedging/pledging, tax gross‑ups, low say‑on‑pay, or attendance. Potential watch‑item is long tenure (since 2012), though Everest emphasizes structured board refresh processes and annual evaluations led by an external firm .