Mount Logan Capital Inc. Expands Workforce with New Hire
Mount Logan Capital Inc. Welcomes Scott Chan to the Team
Mount Logan Capital Inc. (Cboe Canada: MLC) is excited to announce a strategic addition to its team with the appointment of Scott Chan, CFA, MBA, who officially joined the company recently. This significant move signals Mount Logan’s commitment to strengthening its footprint within the Canadian financial services market.
Enhancing Market Presence
Scott Chan has taken on the pivotal role of Director, Canada at Mount Logan. His mandate involves amplifying the company’s visibility and investor connections across the areas in which it operates, aligning with the management’s clearly defined goals and objectives.
Experience and Expertise
With over 20 years of experience in asset management and financial services, Mr. Chan brings a wealth of knowledge both as an investor and an operator. His previous tenure as Managing Director and Financial Services Equity Analyst at Canaccord Genuity saw him deliver extensive industry insights, particularly covering Mount Logan and its competitors. His asset management background is further emphasized with experience at firms like Acuity Investment Management and CI Financial Corp.
Future Growth Prospects
Mr. Chan expressed his enthusiasm about contributing to Mount Logan, remarking on the rapid growth in alternative asset management and insurance solutions. He identifies a clear trajectory for organic growth, supported by the company’s robust capital base and strategic M&A initiatives in North America. This aligns perfectly with current market dynamics, presenting opportunities for further scaling the business.
About Mount Logan Capital Inc.
Mount Logan Capital Inc. is devoted to alternative asset management and offers innovative insurance solutions concentrated on public and private debt securities within North America. The company primarily operates through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company. Additionally, it actively manages a portfolio of loans and debt instruments that are well-positioned for attractive risk-adjusted returns.
Focus on Long-Term Care Insurance
Ability Insurance Company, acquired in the fourth quarter of fiscal year 2021, specializes in long-term care policies. Notably, its portfolio's morbidity risk has been largely transferred to third parties, and as such, Ability no longer takes on new long-term care risk. This strategic focus allows Mount Logan to streamline its operations while managing risk effectively.
Communication and Investor Relations
Mount Logan Capital is dedicated to transparent communication with its stakeholders. The company recognizes the importance of non-IFRS financial measures as a tool for a deeper understanding of its operational results. By providing these insights, Mount Logan aims to assist investors and analysts in better evaluating the company’s performance.
Contacting Mount Logan Capital Inc.
Interested parties can reach Mount Logan Capital Inc. at:
Mount Logan Capital Inc.
365 Bay Street, Suite 800
Toronto, ON M5H 2V1
info@mountlogancapital.ca
Chief Financial Officer:
Nikita Klassen
Email: Niktia.Klassen@mountlogancapital.ca
Frequently Asked Questions
Who is the newest addition to Mount Logan Capital Inc.?
The newest addition to Mount Logan Capital Inc. is Scott Chan, who has joined as the Director of Canada.
What expertise does Scott Chan bring to the team?
Scott Chan brings over 20 years of experience in asset management and financial services, including a significant role at Canaccord Genuity.
What is the focus of Mount Logan Capital Inc.?
Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, including public and private debt securities.
How does Ability Insurance Company operate under Mount Logan?
Ability Insurance Company specializes in long-term care policies, having transferred morbidity risks to third parties, thus minimizing new risks.
How can investors contact Mount Logan Capital Inc.?
Investors can contact Mount Logan Capital Inc. through their email at info@mountlogancapital.ca or reach out to the Chief Financial Officer, Nikita Klassen, directly.
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