Mt. Logan Re

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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 →

Mt. Logan Re hits $949m, capital markets help propel Everest Re growth

The capital markets and fully-collateralized reinsurance capacity have helped reinsurer Everest Re achieve continued growth, by adding to its available capacity to help it underwrite more premiums across the group and at the same time increasing the firms net margins.Everest Re has been leveraging the capital markets as a source read the full article →

Mt. Logan Re swells 9% in 2016, cat losses reduce Everest’s profit share

Mt. Logan Re, the third-party capital backed collateralised reinsurance sidecar vehicle operated by Bermudian re/insurer Everest Re, has grown by approximately 9% during 2016, emerging for the 1st January 2017 renewals with $867 million of assets under management.The size of reinsurance vehicle Mt. Logan Re fluctuates both from year to read the full article →

Everest Re targets growth for Mt. Logan Re as investor interest strong

Bermuda-based insurance and reinsurance firm Everest Re is "looking forward" to increasing the size of its third-party investor backed collateralized reinsurance vehicle Mt. Logan Re as it seeks to take advantage of ongoing investor interest.Mt. Logan Re operates somewhere between an active reinsurance sidecar and a companion underwriting vehicle, underwriting read the full article →

Mt. Logan Re hit by some cat losses in Q2, but broadens investor base

Mt. Logan Re, the third-party capitalised collateralized reinsurance sidecar like vehicle of Bermuda reinsurer Everest Re, suffered some catastrophe losses due to the large events of the second-quarter, but remained profitable and expanded its investor base in the period.Global reinsurance firm Everest Re has continued to benefit from strong investor read the full article →

Investors show increased interest, comfort in Mt. Logan Re: Everest

Bermuda-based reinsurer Everest Re continued to see strong interest in its collateralized reinsurance sidecar vehicle Mt. Logan Re during the first-quarter, underlining increased investor comfort and acceptance of the expanding collateralized reinsurance space, ultimately supporting ILS sector growth.Global reinsurance firm Everest Re reported its first-quarter 2016 results recently, revealing continued read the full article →

Mt. Logan Re appoints AIG’s Michael Beck as COO

Mt. Logan Re, global reinsurance firm Everest Re's fully collateralized reinsurance sidecar type vehicle and segregated accounts management unit, has announced a senior hire in the appointment of ex-AIG executive Michael Beck to Chief Operating Officer (COO).Beck, who formerly held senior roles in insurance and reinsurance at most recently AIG, read the full article →

Mt. Logan Re benefiting both Everest Re & its third-party investors

Bermuda domiciled re/insurer Everest Re has stressed the importance of thinking outside the box to create opportunities in the marketplace, underlining the benefits of its collateralized reinsurance sidecar vehicle Mt. Logan Re Ltd., which helps the firm write business.Speaking with A.M. Best at the 5th annual Rio de Janeiro Reinsurance read the full article →