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Share: TORONTO, May 19, 2021 (GLOBE NEWSWIRE) Mount Logan Capital Inc. (NEO: MLC) ( Mount Logan, our, we, or the Company ) announces that it has entered into a non-binding agreement (the Purchase Agreement ) for the acquisition of 100% of the equity of Ability Insurance Company ( Ability ) for a purchase price of $20 million (the Purchase Consideration ) to be satisfied through the issuance of an unsecured promissory note in the amount of $15 million and $5 million of common shares of Mount Logan (the Transaction ). Mount Logan s wholly-owned subsidiary, Mount Logan Management LLC ( ML Management ) is proposed to manage a meaningful portion of Ability s assets, significantly increasing ML Management s assets under management ( AUM ).

United statesMount loganTed goldthorpeJason roosMount logan capital incAdvantage capital holdingsNebraska department of insuranceCompany of abilityNeo exchange incMount logan management llc mlAbility insurance companyLogan capitalMount logan managementPurchase considerationNebraska departmentNeo exchange