Mt. Logan has increasingly important role in Everest’s capital model. AUM tops $2.6bn: Williamson

For global re/insurance group Everest, the Mt. Logan Re third-party capital vehicle continues to build momentum throughout 2026, with its assets under management surpassing $2.6 billion, and according to Everest’s President and CEO, Jim Williamson, the vehicle continues to play an increasingly important role in the company’s capital model.

Speaking earlier today during Everest’s Q1 2026 earnings call, Williamson, highlighted in his opening remarks how Everest’s third-party capital vehicle continues to perform well.

Recall that during Everest’s Q4 2025 earnings call, Williamson said that Mt. Logan’s assets under management had surpassed $2.5 billion as of January 1, 2026.

Williamson also noted at the time that the vehicle is expected to take on a more prominent role in Everest’s capital mix over time.

Speaking during Everest’s Q1’26 call today, Williamson said: “Mt. Logan continues to build momentum with assets under management now exceeding $2.6 billion

“Our pipeline of investor interest is strong across multiple strategies, and Mt Logan playing an increasingly important role in our overall capital model, supporting underwriting capacity and enhancing our return on capital.”

Collateralized reinsurance investment vehicle Mt. Logan Re, which sits under and is managed by the team at specialist ILS investment manager unit Mt. Logan Capital Management. This vehicle serves as a significant tool for Everest, enabling the company to optimize its capital structure and enhance its underwriting capacity without compromising its own balance sheet

It’s also important to remember that Mt. Logan Re is mainly focused on bringing investor capital to property catastrophe business opportunities.

Given the movement being seen within property catastrophe rates across the sector, during the Q&A portion of the call, an analyst inquired whether, assuming we experience a “normal” Atlantic hurricane season this year, whether Everest expects the industry to revert to flat rates or if there is a possibility of an increase in property catastrophe rates.

“The first thing, and I know others have said this over the last few days, but while rates are coming down, there is also this underlying sort of floor of discipline that’s occurring as well, which really gets reflected in terms and conditions. Attachment points are very strong, which tells me that underwriters are alive to the risk that we’re taking, and they’re allowing rates to fall because pricing is above the levels they think they need to achieve in order to earn a reasonable return for the risk,” Williamson explained.

He continued: “There’s probably still some room, but our view and the communication we’re having with our clients is we’ve been a consistent supplier of cat capacity. We’re a lead market. We want to get paid reasonable levels, and our view is that pricing shouldn’t continue to fall. So, we’ll just have to see how it plays out.”

Williamson concluded: “One thing that I take away from what I’ve heard in the market over the last few days from others is that you do see the lead markets taking chips off the table. I think that’s a very good sign that the market will find a reasonable resting place from which we then can have sort of a normal market cycle.

“And I’ve said pretty consistently since the January 2023 renewal, that it’s my view that that renewal was a reset around which you would see a market oscillation, and I think that’s playing out and it will be up to the lead underwriters to sustain their discipline when we’re talking about the January 1, 2027 renewal and beyond to ensure that that is impacted.”

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