Mt. Logan Re, Ltd., the third-party capital unit of Everest Re Group, Ltd., has announced the appointment of Charles E.F. Millard as a Non-Executive Independent Board Director, effective immediately.
Millard’s appointment comes following the retirement of Frank Lopapa, who served as a Non-Executive Independent Board Director for Mt. Logan for the past eight years.
Expressing his enthusiasm, John Modin, President of Mt. Logan, stated, “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.”
Modin further highlighted Millard’s extensive experience, spanning over 25 years in the advisory, banking, and public sectors, along with his in-depth knowledge of institutional investors and pension plans’ evaluation and monitoring of investment strategies. Modin expressed his anticipation of working closely with Millard to enhance Mt. Logan’s value to both Everest and their growing investor base.
Millard currently serves as an independent advisor to multiple asset management companies. Previously, he held the position of Citigroup’s Head of Pension Relations, where he was responsible for overseeing relationships with corporate and public pensions, as well as organising the firm’s annual pension conference.
Millard has a distinguished career, having served as Director of the U.S. Pension Benefit Guaranty Corporation and as President of BP Direct Securities.
He has also held the position of Managing Director at Lehman Brothers and served as CEO of the New York City Economic Development Corporation.
Commenting on his appointment, Millard stated, “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.”
“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,” Modin concluded.
