Mt. Logan Re, Bermuda-based re/insurer Everest’s collateralized reinsurance investment vehicle, has announced the addition of Charles E.F. Millard as a Non-Executive Independent Board Director, as well as the retirement of long-serving Board member Frank Lopapa.
Millard, currently an independent advisor to multiple asset management companies, joins the Board of Mt. Logan Re effective immediately.
Previously, he served as Citigroup’s Head of Pension Relations, having earlier worked as the Director of the U.S. Pension Benefit Guaranty Corporation, and also as President of BP Direct Securities, Managing Director at Lehman Brothers, and Chief Executive Officer of the New York City Economic Development Corporation.
John Modin, President of Mt. Logan, commented: “On behalf of the Mt. Logan management team, I am thrilled to welcome Charles, who adds a valuable new dimension of expertise and perspective to our Board.
“Charles brings more than 25 years of experience across the advisory, banking and public sectors, as well as extensive knowledge of how institutional investors and pension plans evaluate and monitor investment strategies. I look forward to working closely with him as we continue to enhance Mt. Logan’s value to both Everest and our growing investor base.”
“Mt. Logan has an exceptional reputation as a top-performing third-party capital manager with leading sustainable returns,” added Millard. “As an advisor, I hope my experience working with chief investment officers at large global allocators adds value to support continued growth across the platform.”
Millard’s appointment coincides with the departure of Lopapa, who has served as a Non-Executive Independent Board Director for Mt. Logan for the past eight years.
“We would like to thank Frank Lopapa, who has served both Everest and Mt. Logan for nearly four decades. During his time as Everest’s Treasurer, Frank was instrumental in the formation of Mt. Logan in 2013. Upon his retirement from Everest in 2015, Frank joined the Mt. Logan Board and we have greatly benefited from his wisdom and long-tenured financial background. We wish Frank all the best in his well-deserved retirement and future endeavors,” said Modin.
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