Mt. Logan Re, Ltd., the collateralised reinsurance sidecar type vehicle operated by Bermudian insurance and reinsurance firm Everest Re, has announced the hire of Martin Burke as its Chief Financial Officer, effective immediately.
Burke joins Mt. Logan Re with 15 years of experience in senior finance roles in the reinsurance industry, most recently as Vice President and Controller with Sirius International (Bermuda).
Prior to his time at Sirius in 2007, Burke worked for broking giant Marsh (Bermuda) and also Interpolis Re (Dublin, Ireland). Burke is a Chartered Financial Analyst (CFA) and Chartered Management Accountant (CMA).
Rick Pagnani, President and Chief Executive Officer of Mt. Logan Re commented on the appointment; “We are excited to have Martin join our team. He is distinctly qualified having experience in both (re)insurance and the capital markets and is perfectly suited to help as we continue to expand and evolve our platform in response to investor demands and the further emerging opportunities within the convergence market.”
As vehicles such as Mt. Logan Re continue to grow and expand, reaching $861 million of assets under management at the 1st January 2016, it becomes increasingly important to have leaders with experience in disciplines such as finance.
Mt. Logan Re is Everest Re’s permanent third-party capital vehicle, offering insurance-linked investors a way to access the returns of property catastrophe reinsurance risk.
Mt. Logan Re remains the largest vehicle we have included in our listing of collateralized reinsurance sidecars.