Kilimanjaro Re Ltd. Series 2015-1

The Kilimanjaro Re Ltd. (Series 2015-1) catastrophe bond which is currently being marketed on behalf of reinsurance firm Everest Re looks set to more than double in size, from the $300 million it launched at, to $625 million by the close.

Bermudian reinsurance firm Everest Re is back in the catastrophe bond market seeking a $300m, or greater, source of collateralized reinsurance protection for U.S. named storm and earthquake risks with a Kilimanjaro Re Ltd. (Series 2015-1) issuance.