Mt Logan
-
Everest losses ceded to Mt Logan grew by 63% to $26mn. -
The sidecar’s loss ratio improved by 139 points to 35% in the latest quarter.
-
Frank Lopapa was instrumental in the formation of Mt Logan in 2015 and retires after eight years on the board.
-
This comes as the reinsurer is preparing a major equity raise to attack the harder reinsurance market.
-
The Bermuda sidecar took losses of $21.1mn from the reinsurer during the quarter.
-
The firm has refreshed its management line-up and said it would develop new low-correlation products.
-
The collateralised sidecar of Everest Re was hit by higher cat losses in the period.
-
Modin will succeed David Whiting, who is retiring after a 45-year career in the reinsurance industry.
-
Despite the Q2 increase, the Everest Re sidecar’s written premium for the first half was down 2% to $155.3mn.
-
The insurer remained in underwriting profit despite the winter storm losses.
-
The sidecar's asset base has fallen by around $140mn in the past year.
-
The sidecar’s loss ratio improved by 30 points year on year.
Most Recent
-
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024 -
Rokstone partners with NormanMax to launch parametric product
20 November 2024 -
RenRe grows partner capital AuM to $7.72bn
19 November 2024