|Youssef Sfaif to Join Mt. Logan Re, Ltd. as Chief Operating Officer|
|By Everest Re Group, Ltd. on 5/10/2022|
HAMILTON, Bermuda – May 10, 2022 – Mt. Logan Re, Ltd. (“Mt. Logan”), Everest Re Group, Ltd.’s third party capital unit, today announced that Youssef Sfaif will be appointed Chief Operating Officer, effective July 1, 2022.1 Mr. Sfaif joins Mt. Logan at an important time in the company’s growth and expansion and will report directly to John Modin, President of Mt. Logan Re, Ltd.
“We are thrilled to welcome Youssef to our Mt. Logan team as he will play a key role in Mt. Logan’s growth as we continue to expand our capital base and breadth of offerings,” said John Modin, President of Mt. Logan Re, Ltd. “Youssef joins a deep bench of multi-disciplined leaders who are successfully steering the development of our innovative investment products and bespoke portfolios for our institutional investors around the world.”
Mr. Sfaif brings to Mt. Logan a deep specialization in capital markets and reinsurance convergence, as well as an exemplary track record originating, structuring and executing across a broad array of (re)insurance risk-sharing transactions.
Mr. Sfaif currently serves as a Director within the Credit and Insurance Linked Investments (CILI) team of PGGM where he has led or been a key deal team member for the structuring of insurance linked investments across sidecars, rated reinsurer joint ventures and collateralized reinsurance funds. He has also contributed significantly to the CILI team’s portfolio management efforts. Prior to joining PGGM in 2017, Mr. Sfaif worked in the structured reinsurance business at SCOR Global P&C and Marsh where he designed tailored and capital-efficient reinsurance and risk financing solutions across a variety of non-life risks. Mr. Sfaif is a graduate of the actuarial school of the University of Lyon, also known as Institut de Science Financière et d’Assurances.
John Modin concluded, “Youssef is recognized for his innovative approach to the insurance linked securities sector, and his institutional investment background in this asset class is highly complementary to our business. He also brings a unique buyside perspective, which will provide an advantage as we grow operationally and continue to deepen relationships with leading asset managers, pensions, sovereign wealth funds, insurers and endowments.”
1 Subject to government and regulatory approvals.
About Mt. Logan Re, Ltd.
Mt. Logan is a Bermuda registered collateralized 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 has approximately $900 million of assets under management as of December 31, 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