Bermuda-based insurer and reinsurer Everest Re Group has appointed John Modin as President of its subsidiary Mt. Logan Re.
Modin joins Mt. Logan from Citigroup where he was a Managing Director in the financial services group and Head of Insurance Solutions.
He brings over 30 years of experience in the financial services, Insurance Linked Securities (ILS) and insurance markets and earlier in his career was the Chief Financial Officer of PXRE and Enterprise Re, after starting his career as a CPA at KPMG.
Modin succeeds David Whiting, current President of Mt. Logan, who is retiring after a remarkable career in the Bermuda reinsurance market spanning nearly 45 years.
Whiting will remain with Mt. Logan until the end of 2021 to assist Modin with the transition.
Juan Andrade, Everest President & CEO commented: “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.
“He has great experience, knowledge, and network in the world of reinsurance capital markets and has worked extensively with Everest for many years as a trusted advisor.”
Modin added: “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.”
