Everest hires new Mt. Logan Re president from Citigroup

Bermuda-based  Everest Re Group has hired a new president of its special purpose reinsurer  Mt. Logan Re.

John Modin (pictured) joins the company from Citigroup, where he was a managing director in the financial services group and head of insurance solutions. He has 30-years’ experience in financial services, insurance and insurance-linked securities. His career includes a stint as chief financial officer of reinsurer PXRE.

Modin will succeed current president David Whiting, who is retiring after nearly 45 years in the Bermuda reinsurance market, in a career that saw him in senior roles at Torus Insurance, Wind River, Quanta Reinsurance and Swiss Re. Whiting will remain with Mt. Logan until the end of 2021 to assist with the transition.

Juan Andrade, Everest president and CEO, said: “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.”

Modin commented: “I am very excited by the opportunity to join Mt. Logan and Everest. 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.”

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