Mt. Logan Re CEO steps down

Rick Pagnani, the chief executive officer (CEO) of Everest Re Group's specialist reinsurer Mt. Logan Re, is stepping down after leading the Bermuda-based company for five years.

David Whiting who has been the chief underwriting officer of Mt. Logan Re since its inception in 2013, has been appointed to president and chief underwriting officer.

The company said Pagnani will be assisting Whiting over the next several months to ensure a smooth transition of responsibilities and continuity for Mt. Logan's investors.

"We would like to thank Rick for his many contributions as the founder of Logan in his efforts in building Mt. Logan, helping develop a strong value proposition for Logan investors and achieving a best in class track record of returns since 2013. We wish Rick success in his future endeavours," the company said in a statement.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

AIG carries reserve cushion first time since 2010

Icahn slams AmTrust go-private voting process

Hamilton forms new capital management unit; hires Horseshoe COO

Beazley to split specialty lines

Munich Re-backed insurtech Wrisk raises additional £0.5m

Don't miss our insurtech email newsletter - sign up today