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) vehicle operated by re/insurer Everest Re, has appointed former AQR Re chairman Andrew J. Sterge as an independent non-executive director.
Sterge is a significant addition, given his long history in investing within the reinsurance space.
Sterge has over 35 years of experience in the financial services, institutional investment and insurance-linked securities markets and will be a significant contributor to the Mt. Logan Board as a result.
His appointment comes as Dave Brining retires, who had been a Non-Executive Independent Board Director for Mt. Logan since January 2015.
“On behalf of the Mt. Logan management team, we are delighted to welcome Andy to our Board of Directors,” John Modin, President of Mt. Logan commented.
“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.”
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 manager AQR Capital Management.
He has also served as Director of Research and, subsequently, as Chairman and CEO at Cooper Neff & Associates during his career.
After that, he founded AJ Sterge Investment Strategies and led and maintained responsibility for the insurance-linked and reinsurance investment strategy following its acquisition by Magnetar.
“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 concluded, “We want to thank Dave Brining, who is retiring after serving on Mt. Logan’s Board since its early days. His contributions have been instrumental to our development and success, and we wish Dave the best in his retirement.”
