Kilimanjaro III Re Ltd

Global insurance and reinsurance firm Everest Re has lifted its targets for its latest catastrophe bond issuances, with the company now hoping to secure between $500 million and $800 million of retrocessional reinsurance from the Kilimanjaro Re III transactions.

Global insurance and reinsurance firm Everest Re has returned to the catastrophe bond market for its first issuance since April 2018, as it seeks to add at least $375 million of fully collateralized reinsurance protection by sponsoring a Kilimanjaro III Re Ltd. cat bond issuance.