Mt. Logan Re names former AQR exec Andrew Sterge as non-exec director

Mt. Logan Re names former AQR exec Andrew Sterge as non-exec director

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) car run by re/insurer Everest Re, has appointed previous AQR Re chairman Andrew J. Sterge as an independent non-executive director.Sterge is a substantial addition, provided his long history in investing within the reinsurance area.
Sterge has over 35 years of experience in the monetary services, institutional financial investment and insurance-linked securities markets and will be a considerable factor to the Mt. Logan Board as an outcome.
His consultation comes as Dave Brining retires, who had been a Non-Executive Independent Board Director for Mt. Logan given that January 2015.
” On behalf of the Mt. Logan management team, we are happy to invite Andy to our Board of Directors,” John Modin, President of Mt. Logan commented.
” His technical competence, deep network and extensive management experience in reinsurance and capital markets bring a significant depth of point of view to our Board. Andy will be an incredible property as we continue to optimize the platforms value to both Everest and our Mt. Logan financiers.”
Sterge was most recently Managing Director of Context Insurance Strategies and prior to that, Chairman of Bermuda-based AQR Re, Ltd., the reinsurance unit of investment supervisor AQR Capital Management.
He has likewise functioned as Director of Research and, consequently, as Chairman and CEO at Cooper Neff & & Associates during his profession.
After that, he founded AJ Sterge Investment Strategies and maintained and led responsibility for the insurance-linked and reinsurance financial investment strategy following its acquisition by Magnetar.
” I am delighted to sign up with as an advisor to the Mt. Logan Board,” said Sterge. “Mt. Logan has an excellent credibility as a top-performing third-party capital manager satisfying investor need for both yield and diversity. I look forward to dealing with John and the wider management team on growing the platform with innovative, custom options that meet financiers goals.”
Modin concluded, “We wish to thank Dave Brining, who is retiring after serving on Mt. Logans Board since its early days. His contributions have actually been critical to our advancement and success, and we wish Dave the finest in his retirement.”

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