Mt. Logan Re

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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 →

AXIS Capital sees $250m loss hit from Q3 catastrophes & weather

AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, has joined the catastrophe loss pre-announcements, saying that it expects a net and before tax hit of $250 million to its third-quarter results, the majority coming from hurricane Ida. The company said that these Q3 catastrophe losses would cost it $219 million read the full article →

Everest Re estimates $635m of Q3 catastrophe losses

Global insurance and reinsurance firm Everest Re, which also operates a third-party capital strategy in the Mt. Logan Re collateralized reinsurance sidecar-like vehicle, has pre-announced an expectation of its third-quarter catastrophe losses amounting to $635 million net. Everest Re is the latest to pre-announce a significant catastrophe loss burden from the 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 →

Everest Re cedes more premium, fewer losses to Mt. Logan Re in Q2

Global insurance and reinsurance company Everest Re ceded more written premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the second-quarter of 2021, while at the same time a more benign catastrophe quarter appears to have resulted in fewer losses being ceded. Written premiums ceded to the Mt. read the full article →

Everest Re grows strongly in reinsurance, catastrophe losses ahead of prior year

Global insurance and reinsurance company Everest Re has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year. The set of results reported by Everest Re bode well for the firms Mt. read the full article →

Everest Re targets “significant” Mt. Logan growth, expanded ILS capital use: CEO

Everest Re is aiming to expand its access to third-party and alternative sources of reinsurance capital, with growth of its Mt. Logan Re sidecar-like structure seen as a key strategic opportunity, according to its CEO. Third-party capital is seen as one of global re/insurer Everest Re's three reinsurance strategy drivers, the read the full article →

Everest Re reports slight dip in Mt. Logan Re AuM to $877m

Everest Re, the globally active insurance and reinsurance company, has said that its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle experienced a slight decline in assets in the last quarter. Mt. Logan Re had begun last year with assets under management of around $818 million, which then fell to a read the full article →

Mt. Logan Re delivers growth, capital management & hedging: Doucette

Given the growth in assets under management at global insurance and reinsurance underwriter Everest Re's dedicated Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, executives from Everest discussed the benefits of the strategy to the parent firm yesterday. Mt. Logan Re began 2021 with $900 million of assets under management at read the full article →