Mt. Logan Re

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Mt. Logan Re sees some investor churn, but asset growth continues

Executives of insurance and reinsurance firm Everest Re said that some churn was seen in the investor-base for its Mt. Logan Re fully collateralized reinsurance sidecar and segregated accounts vehicle, but asset growth continued year-on-year.As we reported yesterday, the Mt. Logan Re sidecar and segregated accounts vehicle entered 2019 with read the full article →

Everest Re’s cat bonds & Mt. Logan Re now contribute 32% of its capital

Over the last few years third-party capital has become increasingly important for reinsurance firm Everest Re and after the recent years of losses its importance has risen even more, as catastrophe bonds and Mt. Logan Re now contribute 32% of the reinsurers capital base.Everest Re, given its broad exposure to read the full article →

Everest Re expands Mt. Logan Re AuM 40% in a year, reaches $1.161bn

Bermudian re/insurer Everest Re has continued to steadily expand its Mt. Logan Re Ltd. collateralized reinsurance sidecar like vehicle, adding a small amount to its assets under management during the third-quarter to reach $1.161 billion, but that is an impressive near 40% up on a year ago.Mt. Logan Re's assets read the full article →

Mt. Logan Re expands remit with retroactive casualty reserve deal

It appears the remit of Mt. Logan Re Ltd., the collateralized reinsurance, sidecar-like investment vehicle of Everest Re, has expanded in recent months, with the structure entering into a retroactive casualty reserve reinsurance transaction with its parent, signalling a broadening of the Mt. Logan Re underwriting appetite.We can't be sure read the full article →

Everest Re’s premiums expand, drives Mt. Logan Re to largest AuM of $1.134bn

Bermudian reinsurance firm Everest Re has achieved significant growth of its underwriting book during the second-quarter of the year, while at the same time the firm's collateralized sidecar like vehicle Mt. Logan Re has now reached $1.134 billion, its largest size ever.Everest Re has grown its underwriting book by an read the full article →

Whiting promoted at Mt. Logan Re as Pagnani set to depart

Global insurance and reinsurance firm Everest Re has announced some changes in the leadership of the firms collateralized reinsurance, sidecar-like investment vehicle, Mt. Logan Re Ltd., with David Whiting promoted to President as CEO Rick Pagnani is set to leave the firm.Rick Pagnani has been instrumental in the set-up and read the full article →

Mt. Logan Re premiums written up 50% in Q1

Mt. Logan Re Ltd., the collateralized reinsurance, sidecar-like investment vehicle of Everest Re which constitutes the reinsurers main third-party capital management strategy, underwrote 50% more premiums in the first-quarter of 2018 compared to the prior year.Mt. Logan Re began 2018 with $1.028 billion of assets under management in time for read the full article →

Everest Re’s losses from California wildfires creep up

Bermudian reinsurance firm and third-party capital manager Everest Re has reported an increase in its losses from the California wildfires of late 2017, which the company says it will book in the first-quarter.Industry loss estimates for the California wildfires have risen since the end of 2017, which has led to read the full article →

Mt. Logan Re grows 18%, starts 2018 with $1.028 billion of assets

Mt. Logan Re Ltd., the collateralized reinsurance, sidecar-like investment vehicle of global reinsurer Everest Re, grew by 18% over the year to January 1st 2018, reaching $1.028 billion of assets in time for the key renewals.At January 1st 2017 Mt. Logan Re had assets for collateralized reinsurance deployment of $869 read the full article →

Everest Re benefits from higher Mt. Logan Re fee income in H1 2017

Reinsurance firm Everest Re benefited from an increase in the fee income it earns from its third-party capital backed collateralized reinsurance sidecar-like vehicle Mt. Logan Re, as lower levels of catastrophe losses helped the reinsurer to a greater share of profits.Chief Financial Officer Craig Howie explained that the reinsurer earned read the full article →