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Mt Logan Re sidecar (and ILS) core to Everest Re hedging strategy: Doucette

Bermuda headquartered reinsurer Everest Re sees its fully collateralised reinsurance sidecar Mt. Logan Re Ltd., as core to its strategy for hedging peak exposures in its book, supplemented by the Kilimanjaro Re catastrophe bonds and use of industry loss warranties (ILW's). Everest Re has become a broad adopter of insurance-linked securities read the full article →

Mt. Logan Re reinsurance sidecar growth halts at Everest Re

For the first time since the launch of its fully collateralised reinsurance sidecar Mt. Logan Re Ltd. in late 2013, reinsurer Everest Re has not increased the third-party capital managed within the vehicle in the last quarter. Mt. Logan Re is Everest Re's Bermuda domiciled segregated cell reinsurance vehicle and the read the full article →

Mt. Logan Re reinsurance sidecar neared $900m at mid-year

The Mt. Logan Re collateralized reinsurance sidecar operated by Bermudian re/insurer Everest Re has grown its third-party assets under management by 80% in the first-half of 2015, as the reinsurer puts an increasing focus on its companion sidecar vehicle. At the end of 2014 Everest Re reported that third-party non-controlling assets read the full article →

Mt. Logan Re hires Caponigro to Head of Business Development

Mt. Logan Re, the collateralized reinsurance sidecar or perhaps better termed third-party capital companion reinsurance vehicle owned by re/insurer Everest Re, has announced the hire of ex-Platinum exec Chris Caponigro as its Head of Business Development. Mt. Logan Re is a Bermuda domiciled special purpose reinsurance vehicle that Everest Re established read the full article →

Mt. Logan Re sidecar “one of the fastest growing convergence vehicles”

Re/insurance firm Everest Re added a further inflow of investor capital into its Mt. Logan Re colllateralized reinsurance sidecar at the April renewals, leading the firms CUO to call the sidecar "one of the fastest growing convergence vehicles." Everest Re raised an additional $60m from third-party investors at the 4/1 renewal, read the full article →

Mt. Logan Re reinsurance sidecar doubles premiums written

Mt. Logan Re, the collateralized reinsurance sidecar vehicle of global reinsurer Everest Re, has doubled the amount of premiums it underwrote in the first quarter, compared to the prior year, which on top of an improved combined ratio will deliver attractive returns to its investors. Everest Re has been steadily growing read the full article →

Everest Re grew Mt Logan reinsurance sidecar to $800m+ for 1/1

We jumped the gun slightly on Mt. Logan Re yesterday, saying it had reached $500m at the end of December 2014, as the firm said that additional capital of $270m was raised for the January renewal, taking Everest Re's collateralized reinsurance sidecar closer to $810m in size, we believe. The $500m read the full article →

Everest Re’s Mt. Logan Re reinsurance sidecar nears $500m

Bermuda-based reinsurance firm Everest Re has continued to gradually increase the size of its third-party capital backed, fully-collateralized reinsurance sidecar Mt. Logan Re Ltd., meaning the vehicle is growing its contribution to results. Update: It turns out the $500m figure was as at 31st December 2014 but for the 1/1 2015 read the full article →

Everest Re’s collateralized sidecar Mt. Logan Re adds Brining as non-exec

Mt. Logan Re Ltd., the collateralized reinsurance sidecar operations of Bermuda-based global reinsurance firm Everest Re, has appointed experience reinsurance professional Dave Brining as Non-Executive Independent Director. Brining was most recently Executive Vice President of Max Capital Group, Ltd. and a Director of Max Bermuda, Ltd., where he was a founder, read the full article →

Collateralized reinsurance sidecar Mt. Logan Re appoints Tobin as CFO

Mt. Logan Re Ltd., the collateralized sidecar reinsurance operations of Bermuda headquartered global reinsurance firm Everest Re, has announced the appointment of Krystalle Tobin as its Chief Financial Officer. The Mt. Logan Re third-party investor backed, fully-collateralized, reinsurance sidecar underwriting vehicle is Everest Re’s capital markets strategy for managing institutional investor read the full article →