Everest’s Mt. Logan Re appoints new non-executive independent director

Mt. Logan Re, the third-party capital unit of  Everest Re Group, has appointed a new non-executive director who previously held leadership roles at Citigroup, Lehman Brothers, US Pension Benefit Guaranty Corporation and was CEO of the New York City Economic Development Corporation.

Charles Millard has joined Mt. Logan Re as a non-executive independent board director, following the retirement of Frank Lopapa, who has served on the board for the past eight years.

Millard is currently an independent advisor to multiple asset management companies. He previously served as Citigroup’s head of pension relations, where he oversaw relationships with corporate and public pensions as well as the firm’s annual pension conference. Earlier in his career, Millard was director of the US Pension Benefit Guaranty Corporation and has also served as president of BP Direct Securities, managing director at Lehman Brothers, and CEO of the New York City Economic Development Corporation.

John Modin, president of Mt. Logan, said: “On behalf of the Mt. Logan management team, I am thrilled to welcome Charles, who adds a valuable new dimension of expertise and perspective to our Board. Charles brings more than 25 years of experience across the advisory, banking and public sectors, as well as extensive knowledge of how institutional investors and pension plans evaluate and monitor investment strategies. I look forward to working closely with him as we continue to enhance Mt. Logan’s value to both Everest and our growing investor base.”

Millard commented: “Mt. Logan has an exceptional reputation as a top-performing third-party capital manager with leading sustainable returns. As an advisor, I hope my experience working with chief investment officers at large global allocators adds value to support continued growth across the platform.”

Modin concluded: “We would like to thank Frank Lopapa, who has served both Everest and Mt. Logan for nearly four decades. During his time as Everest’s Treasurer, Frank was instrumental in the formation of Mt. Logan in 2013. Upon his retirement from Everest in 2015, Frank joined the Mt. Logan Board and we have greatly benefited from his wisdom and long-tenured financial background. We wish Frank all the best in his well-deserved retirement and future endeavors.”

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