Mt. Logan hires PGGM director as new COO

Mt. Logan Re, Everest Re Group’s third-party capital unit, has appointed Youssef Sfaif as chief operating officer, effective 1 July 2022.

Sfaif will report to Mt. Logan Re president John Modin, who said Sfaif will play a key role in the company’s growth as it continues to expand its capital base and breadth of offerings “Youssef joins a deep bench of multi-disciplined leaders who are successfully steering the development of our innovative investment products and bespoke portfolios for our institutional investors around the world,” Modin added.

Sfaif has a “deep specialisation” in capital markets and reinsurance convergence, as well as an “exemplary” track record originating, structuring and executing across a broad array of re/insurance risk-sharing transactions, Mt. Logan said.

Sfaif currently serves as a director within the credit and insurance linked investments (CILI) team of PGGM, where he has led or been a key deal team member for the structuring of insurance linked investments across sidecars, rated reinsurer joint ventures and collateralised reinsurance funds. He has also contributed significantly, Mt. Logan said, to the CILI team’s portfolio management efforts.

Prior to joining PGGM in 2017, Sfaif worked in the structured reinsurance business at SCOR Global P&C and Marsh where he designed “tailored and capital-efficient” reinsurance and risk financing solutions across a variety of non-life risks, Mt. Logan said.

“Youssef is recognised for his innovative approach to the insurance linked securities sector, and his institutional investment background in this asset class is highly complementary to our business. He also brings a unique buyside perspective, which will provide an advantage as we grow operationally and continue to deepen relationships with leading asset managers, pensions, sovereign wealth funds, insurers and endowments,” Modin concluded.