Kilimanjaro Re Ltd. Series 2014-1

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Third-party reinsurance capital a kind of leverage for Everest Re

Third-party reinsurance capital, insurance-linked securities (ILS) and its collateralized reinsurance sidecar Mt. Logan Re all provide reinsurer Everest Re with an additional source of financial leverage, of sorts, according to CEO Dominic Adesso.During the reinsurers second-quarter earnings call, Adesso explained that third-party capital initiatives such as Mt. Logan Re and read the full article →

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 →