Everest Re Group Establishes Mt. Logan Re
Everest Re Group has formed Mt. Logan Re Ltd., a new Bermuda domiciled special purpose reinsurer, to provide collateralized capacity to the worldwide property catastrophe reinsurance market.
Everest CEO Joseph V. Taranto said: “We are pleased to have Rick Pagnani join us as the Chief Executive Officer of this new venture. Rick brings a wealth of experience and is well known within the Bermuda reinsurance community.
“Having successfully led prior reinsurance ventures, we are fortunate to have an executive of his caliber join us to launch this new operation.” Mr. Taranto further commented, “For Everest, this vehicle adds yet another tool to our underwriting arsenal that allows us to meet the dynamic demands of the reinsurance marketplace and enhance the returns of our investors.”
