Everest Group has announced the launch of Mt. Logan Capital Management, Ltd. (MLCM), which will transform its alternative capital business into a multi-media capital management platform.

As an insurance manager licensed by the Bermuda Monetary Authority, MLCM will expand its role as Everest Group’s exclusive source of risk sharing and proportional underwriting capacity, and will also provide investment opportunities to institutional investors around the world.

Through MLCM, institutional investors will be able to tap into Everest’s portfolio of reinsurance risks. It will also include the collateralized reinsurer Mt. Logan Re, which will give Everest the ability to be more flexible when it comes to partnering with investors within the capital markets. This will enhance its financial strength, balance sheet, claims-paying capacity and the growth of its reinsurance business.

MLCM’s leadership team and board of directors include CEO John Modin as well as President and Chief Operating Officer Yousef Safif.

“Third-party capital management is an important part of Everest’s overall strategy,” said Modin. “We are seeing strong and growing interest from institutional investors in our highly capital-efficient and highly compliant structures, which provide them with diversified offerings and attractive risk-adjusted returns.”

“MLCM offers new flexibility to build on Everest’s $1.5 billion in total third-party capital, and we welcome new partners interested in investing in the global reinsurance market.”

Jill Biggs, executive vice president and chief operating officer of Everest Reinsurance, said the company is focused on creating attractive offerings for institutional investors while maintaining consistency with its underwriting portfolio.

“MLCM, which now opens multiple entry points, helps connect external capital to dedicated underwriting portfolios, allowing us to optimize our capital structure, generate new underwriting opportunities, and increase Everest’s overall market share,” said Biggs.

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