third party capital


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 →

Mt. Logan Re hits $1 billion of capital, $950m third-party sourced

Global reinsurance firm Everest Re has reached a new milestone for its collateralized reinsurance sidecar type vehicle, Mt. Logan Re Ltd., reaching $1 billion of capital for the first time, $950 million of which is sourced from third-party investors.Everest Re launched the Mt. Logan Re reinsurance sidecar in January 2013 read the full article →

Mt. Logan returns up to 20.2% to insurance-linked investors in 2015

Insurance-linked investors in Bermudian insurer and reinsurer Everest Re's collateralized reinsurance sidecar Mt. Logan Re Ltd. are set to receive returns as high as 20.2% from their 2015 allocations to the vehicle, according to data sourced by Artemis.Everest Re launched Mt. Logan Re as a Bermuda based segregated accounts company read the full article →

Mt. Logan Re hires Martin Burke as Chief Financial Officer

Mt. Logan Re, Ltd., the collateralised reinsurance sidecar type vehicle operated by Bermudian insurance and reinsurance firm Everest Re, has announced the hire of Martin Burke as its Chief Financial Officer, effective immediately.Burke joins Mt. Logan Re with 15 years of experience in senior finance roles in the reinsurance industry, read the full article →

Everest’s Mt. Logan Re increases third-party capital contribution at 1/1

Everest Re increased the size of its collateralized reinsurance sidecar Mt. Logan Re Ltd. during January 2016 to $860 million, while also reducing its own contribution to the vehicle to $50 million, Artemis understands, suggesting a greater capital contribution from third-party investors.During the January renewals season Everest Re reported that read the full article →

Mt Logan Re sidecar stays static, but scale pays off in 2015 for Everest Re

The scale of Everest Re's fully collateralised reinsurance sidecar Mt. Logan Re Ltd. was evident in the reinsurers 2015 results, as the underwriting gain increased significantly year-on-year, although there was no change in size of the vehicle in the fourth-quarter.Mt. Logan Re is Everest Re’s Bermuda domiciled sidecar-style reinsurance vehicle read the full article →