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Everest hires John Modin from Citigroup as President, Mt. Logan Re

Global insurance and reinsurance company Everest Re has announced a new President for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, hiring well-known insurance-linked securities (ILS) focused executive John Modin from Citigroup for the role. Modin's role at Citigroup was as a Managing Director in the financial services group and read the full article →

Capital is valued and respected: Everest Re CEO Andrade

Having access to diverse and efficient sources of capital and ensuring they are treated as equal is increasingly a key trait of a successful reinsurance company, something the CEO of global player Everest Re clearly understands. Insurance-linked securities (ILS) investors and funds have often been treated, or perceived, by re/insurers as read the full article →

Everest Re cedes more premium, fewer losses to Mt. Logan Re in Q2

Global insurance and reinsurance company Everest Re ceded more written premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the second-quarter of 2021, while at the same time a more benign catastrophe quarter appears to have resulted in fewer losses being ceded. Written premiums ceded to the Mt. read the full article →

Everest Re grows strongly in reinsurance, catastrophe losses ahead of prior year

Global insurance and reinsurance company Everest Re has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year. The set of results reported by Everest Re bode well for the firms Mt. read the full article →

Everest Re targets “significant” Mt. Logan growth, expanded ILS capital use: CEO

Everest Re is aiming to expand its access to third-party and alternative sources of reinsurance capital, with growth of its Mt. Logan Re sidecar-like structure seen as a key strategic opportunity, according to its CEO. Third-party capital is seen as one of global re/insurer Everest Re's three reinsurance strategy drivers, the read the full article →

Everest Re hires Andrade from Chubb to succeed Addesso as CEO

Bermudian reinsurance firm Everest Re has hired Juan C. Andrade from Chubb and named him as the current COO, but lined up to become CEO on Jan 1 2020, to succeed outgoing CEO Dominic Addesso. Andrade will become Chief Operating Officer of the reinsurance firm in the interim period, before stepping read the full article →

2014 cat bond issuance hits $7.143 billion with Kilimanjaro Re 2014-2

The settlement and completion of the $500m Kilimanjaro Re Ltd. (Series 2014-2) catastrophe bond today takes 2014 issuance of new cat bonds and insurance securitisations to $7.143 billion, keeping the market on track for a possible record year. The Kilimanjaro Re 2014-2 cat bond, sponsored by Bermuda based insurance and reinsurance read the full article →

Kilimanjaro Re cat bond prices at mid-point, gets preliminary rating

Everest Re's latest catastrophe bond, the now $500m Kilimanjaro Re Ltd. (Series 2014-2), has been priced with the coupon settling at the mid-point. The cat bond notes have also received their rating and a little more detail on the transaction has emerged as a result. The Kilimanjaro Re 2014-2 cat bond read the full article →

Kilimanjaro Re 2014-2 cat bond grows to $500m, pricing at mid-point

The Kilimanjaro Re Ltd. (Series 2014-2) catastrophe bond, launched recently for Bermuda reinsurance firm Everest Re, reflecting strong investor demand for the ILS asset class is set to increase in size by 43% to secure the reinsurer $500m of protection. When this cat bond launched in late October the Kilimanjaro read the full article →

Everest Re launches $350m Kilimanjaro Re 2014-2 catastrophe bond

Bermuda headquartered reinsurance company Everest Re is returning to the catastrophe bond market with its second issuance this year, with the launch to investors of Kilimanjaro Re Ltd. (Series 2014-2) a $350m U.S. and Canada earthquake cat bond. Everest Re sponsored its first cat bond in April, the $450m U.S. named storm read the full article →