Mt. Logan Re appoints new independent director as Dave Brining retires

Mt. Logan Re, Everest Re Group’s third party capital unit, has appointed Andrew Sterge as a non-executive independent board director. He replaces Dave Brining, who is retiring after seven years on the board.

Sterge brings over 35 years of experience in financial services, institutional investment and insurance-linked securities markets. Most recently, he was managing director of Context Insurance Strategies and was formerly chairman of Bermuda-based AQR Re, the reinsurance unit of AQR Capital Management. He also founded AJ Sterge Investment Strategies and continued to lead and maintain responsibility for the insurance-linked and reinsurance investment strategy following its acquisition by Magnetar.

“On behalf of the Mt. Logan management team, we are delighted to welcome Andy to our board of directors,” said John Modin, president of Mt. Logan. “His technical expertise, deep network and extensive leadership experience in reinsurance and capital markets bring a significant depth of perspective to our board. Andy will be a tremendous asset as we continue to optimize the platform’s value to both Everest and our Mt. Logan investors.”

“I am thrilled to join as an advisor to the Mt. Logan Board,” said Sterge. “Mt. Logan has an excellent reputation as a top-performing third-party capital manager satisfying investor demand for both yield and diversification. I look forward to working with John and the broader management team on growing the platform with innovative, bespoke solutions that meet investors’ objectives.”

Modin also thanked Brining. “His contributions have been instrumental to our development and success, and we wish Dave the best in his retirement,” he said.