Mt. Logan President and COO Youssef Sfaif to depart company later this year

Youssef Sfaif, the President and Chief Operating Officer of Everest Group’s third-party reinsurance capital manager Mt. Logan Capital Management, Ltd. is set to depart from the company later this year, we’ve learned from sources.

At this time we do not know the reason for the departure, nor whether Sfaif has another opportunity lined up to move into when he leaves the Mt. Logan business.

Mt. Logan Capital Management, Ltd. (MLCM) is the Everest Group owned and operated third-party capital management platform, that manages over $2.6 billion in investor capital across reinsurance-linked investment strategies, housed in Mt. Logan Re or other investor-specific structures.

Sfaif, an experienced pension investor with meaningful experience in allocating to the insurance-linked securities (ILS) and reinsurance asset class, joined Mt. Logan Re in 2022 as its Chief Operating Officer, moving to Bermuda for the opportunity.

In 2024, Everest launched Mt. Logan Capital Management, Ltd. (MLCM), as it transformed its existing alternative capital and insurance-linked securities investment offering into a multi-vehicle third-party reinsurance capital management platform.

Sfaif took on the President and Chief Operating Officer role at MLCM, since when the business has raised new capital and grown its stature in the market.

Before joining Everest’s Mt. Logan, Sfaif worked as a Director of Credit and Insurance Linked Investments at significant insurance-linked securities (ILS) sector pension investor PGGM.

Working at the largest and one of the most forward-thinking allocators in the ILS market, PGGM, Sfaif played a significant role in the development of its approach to the ILS sector, having worked at the pension investor since 2017.

Sfaif’s background prior to developing his ILS investing focus was in insurance and reinsurance, having begun his career in the market on the actuarial side for broker Marsh in Paris, before moving to the underwriting side when he joined French reinsurance giant SCOR, where he developed a focus on alternative solutions.

Sfaif has a deep understanding of investor needs and how to respond to them with well-matched and structured insurance-linked strategies.

His departure is undoubtedly a loss for Mt. Logan, Sfaif is highly respected, competent and well-liked across the industry. But the timing of it being later this year will allow continuity for clients to be maintained, while the company looks to the future and identifies the optimal structure to continue achieving its goals.

As we recently reported, Everest Group President and CEO, Jim Williamson, said that Mt. Logan has an increasingly important role in the company’s capital model and highlighted growth in assets under management to more than $2.6 billion.

Mt. Logan Capital Management is extremely well-positioned, thanks to the strength of its parent Everest and the broad access to high-quality risk that provides, while it has also developed an investor roster that includes some of the most sophisticated names.

In addition it has a growing team, as just last month Mt. Logan Capital Management announced that it hired experienced actuary and analytical expert Yulia Bruskova as its new Chief Analytics Officer.