Everest Appoints John Modin as President of Mt. Logan Re
HAMILTON, Bermuda--(BUSINESS WIRE)--Sep 1, 2021--
Everest Re Group, Ltd. (“Everest” or the “Company”) announced today the appointment of John Modin as President of Mt. Logan Re, Ltd. (“Mt. Logan”), effective September 30, 2021.
Mr. Modin joins Mt. Logan from Citigroup where he was a Managing Director in the financial services group and Head of Insurance Solutions. He has over 30 years of experience in the financial services, Insurance Linked Securities (“ILS”) and insurance markets and earlier in his career was the Chief Financial Officer of PXRE and Enterprise Re, after starting his career as a CPA at KPMG. Mr. Modin succeeds David Whiting, current President of Mt. Logan, who is retiring after a remarkable career in the Bermuda reinsurance market spanning nearly 45 years. Mr. Whiting will remain with Mt. Logan until the end of 2021 to assist Mr. Modin with the transition.
Juan C. Andrade, Everest President & CEO commented on the appointment: “We welcome John Modin to Everest and Mt. Logan Re. Everest has built an excellent ILS capital management business with Mt. Logan Re. John’s leadership will be critical as we continue to expand our risk financing and partner with investors to offer high quality and diversifying returns. He has great experience, knowledge, and network in the world of reinsurance capital markets and has worked extensively with Everest for many years as a trusted advisor.”
“I am very excited by the opportunity to join Mt. Logan and Everest,” said Mr. Modin. The transformation at Everest under Juan Andrade’s leadership is well underway and the potential for Mt. Logan is outstanding. Everest has a leading global reinsurance franchise and unparalleled access to business for our current and future capital partners. I look forward to working with my new colleagues at Mt. Logan and across Everest as we accelerate the scale and value of Mt. Logan.”
About Mt. Logan Re, Ltd. And Everest Re Group, Ltd.
Mt. Logan is a Bermuda registered Class 3 insurer which offers alternative capital markets the opportunity to gain exposure to a diversified pool of reinsurance risks through collateralized reinsurance products. Mt. Logan has been in operation since 2013 and had approximately $1 billion of assets under management as of June 30, 2021.
About Everest Re Group, Ltd.
Everest Re Group, Ltd. (“Everest”) is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and other territories.
Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210901006009/en/
CONTACT: Investors and Media:
Head of Investor Relations
Everest Global Services, Inc.
KEYWORD: EUROPE CARIBBEAN UNITED KINGDOM BERMUDA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES COMMUNICATIONS INSURANCE FINANCE BANKING PUBLIC RELATIONS/INVESTOR RELATIONS
SOURCE: Everest Re Group, Ltd.
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PUB: 09/01/2021 04:30 PM/DISC: 09/01/2021 04:30 PM