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S&P assigns preliminary ratings to Kilimanjaro Re cat bond

Preliminary ratings have now been assigned to the first catastrophe bond from new sponsor Everest Reinsurance Company, Kilimanjaro Re Ltd. (Series 2014-1), which grew to $450m as investor demand helped the reinsurer increase the cover the cat bond will provide.Standard & Poor's Ratings Services said on Friday that it has read the full article →

Kilimanjaro Re, first catastrophe bond from Everest Re, launches

Another first time catastrophe bond sponsor is coming to market, this time in the shape of Everest Reinsurance Company, with Kilimanjaro Re Ltd. (Series 2014-1), seeking retrocessional protection for U.S. named storms and earthquakes.Everest Re is looking to secure a four-year source of fully-collateralized retrocessional reinsurance protection through the issuance read the full article →

Everest Re’s sidecar, Mt. Logan Re, appoints David Whiting as CUO

Bermuda based reinsurer Everest Re Group Ltd.'s collateralized reinsurance sidecar, Mt. Logan Re, Ltd., has announced the appointment of experienced industry executive David Whiting to the position of Chief Underwriting Officer, effective from Monday.Rick Pagnani, President and Chief Executive Officer of Mt. Logan, commented on the appointment; “We are extremely read the full article →