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Everest Re expanding use of ILS investor capital: Mt. Logan President Modin

Global insurance and reinsurance firm Everest Re is expanding its use of insurance-linked securities (ILS) investor capital, with its third-party capital venture Mt. Logan Re Ltd. a core component of the firm's efforts to lower its catastrophe exposures, according to John Modin, President of Mt. Logan Re. As we recently reported, read the full article →

Mt. Logan Re hires PGGM’s Youssef Sfaif as Chief Operating Officer

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has announced the hiring of experienced pension investor in ILS, the PGGM employee Youssef Sfaif, as its new COO. As we reported back in April, Youssef Sfaif, a Director of Credit and Insurance read the full article →

More cat profit, less exposure = an outstanding trade: Everest CEO Andrade

As Everest Re hones its portfolio, to lower its property catastrophe exposure in a firming market, the company is finding this trade of more profit, for less exposure, to be an outstanding one, according to CEO Juan Andrade. Speaking during the Everest Re first-quarter 2022 earnings call last week, CEO Andrade read the full article →

Everest Re catastrophe XoL pull-back continues in Q1

Global insurance and reinsurance firm Everest Re continues to take steps to reduce its exposure to property catastrophe related volatility, with its writings of catastrophe excess-of-loss reinsurance business falling to just 16% of its first-quarter book. The company reported $406 million of Net Operating Income for the first-quarter of 2022, resulting read the full article →

Mt. Logan Re hires Greg McBride, promotes Clint Graham

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has announced two key appointments as it continues to build-out its team. Greg McBride, an experienced Bermuda based reinsurance capital markets professional, has been hired to the newly created position of Global Head read the full article →

Mt. Logan Re names former AQR exec Andrew Sterge as non-exec director

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has appointed former AQR Re chairman Andrew J. Sterge as an independent non-executive director. Sterge is a significant addition, given his long history in investing within the reinsurance space. Sterge has over 35 years read the full article →

Mt. Logan Re investor pipeline strong: Everest Re CEO Andrade

Global insurance and reinsurance company Everest Re has is experiencing strong investor interest for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, CEO Juan Andrade said yesterday. As we reported last year, Everest Re has been targeting "significant" growth for its Mt. Logan Re third-party reinsurance capital vehicle, which the read the full article →

Everest Re cedes more premium on cat losses, as growth continues

While growing its business substantially again in the third-quarter, it seems that global insurance and reinsurance company Everest Re ceded more of its written premiums to reinsurance capacity, either to third-party capital investors in Mt. Logan Re, or its retrocessionaires, as the significant catastrophe losses drove it to an underwriting read the full article →

Everest hires John Modin from Citigroup as President, Mt. Logan Re

Global insurance and reinsurance company Everest Re has announced a new President for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, hiring well-known insurance-linked securities (ILS) focused executive John Modin from Citigroup for the role. Modin's role at Citigroup was as a Managing Director in the financial services group and read the full article →

Capital is valued and respected: Everest Re CEO Andrade

Having access to diverse and efficient sources of capital and ensuring they are treated as equal is increasingly a key trait of a successful reinsurance company, something the CEO of global player Everest Re clearly understands. Insurance-linked securities (ILS) investors and funds have often been treated, or perceived, by re/insurers as read the full article →