Everest Appoints John Modin as President of Mt. Logan Re
September 01 2021 - 4:30PM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210901006009/en/
Investors and Media: Jon Levenson Head of Investor Relations
Everest Global Services, Inc. 908.604.3169
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