Kilimanjaro Re Ltd

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Everest Re’s new Kilimanjaro III Re cat bond set for $650m

Global insurance and reinsurance firm Everest Re now looks set to secure $650 million of fully-collateralized retrocessional reinsurance protection from its latest visit to the catastrophe bond market. As we explained last month, Everest Re had returned to the catastrophe bond market seeking support from insurance-linked securities (ILS) investors for a read the full article →

Everest Re launches $800m Kilimanjaro III Re cat bond issuances

Global insurance and reinsurance firm Everest Re is back in the capital markets with its first catastrophe bond issuances since late 2019 and is seeking support from insurance-linked securities (ILS) investors for a potential $800 million or greater of retro reinsurance coverage through two series of Kilimanjaro III Re Ltd. read the full article →

Alternative capital helps Everest Re “dust off” Purple, grow retro 25%

Everest Re took advantage of market conditions around the January renewals to build a significantly larger book of retrocession business, leveraging its access to alternative reinsurance capital and use of catastrophe bonds to allow it to deploy capital into its Purple pillared retro product. Everest Re has repeatedly demonstrated an ability read the full article →

Everest Re gets $850m cover from new Kilimanjaro Re catastrophe bonds

Everest Re has now secured an $850 million slice of retrocessional reinsurance protection from the capital markets with its latest dual issuance of two series of notes from its Kilimanjaro Re Ltd. cat bond issuance vehicle. Everest Re returned to the cat bond market in November with its first issuance since read the full article →

Everest Re aims for up to $800m from Kilimanjaro III Re cat bonds

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. At the same time as lifting the target for the cat bonds, read the full article →

Everest Re returns for $375m+ Kilimanjaro III Re catastrophe bond issues

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. As in previous Kilimanjaro catastrophe bond read the full article →

Everest Re’s Kilimanjaro Re 2018 cat bond target jumps to $525m

The target size for Bermudian reinsurance firm Everest Re's latest catastrophe bond issuance has increased by 75%, with the reinsurer now seeking $525m of collateralized retrocessional reinsurance from the twin Kilimanjaro Re Ltd. (Series 2018-1) and Kilimanjaro Re Ltd. (Series 2018-2) transactions. Everest Re returned to the catastrophe bond market recently read the full article →

Everest Re returns with $300m twin Kilimanjaro Re 2018 cat bonds

Bermudian reinsurance firm Everest Re is back with its latest catastrophe bond issuance, which sees the company bringing twin Kilimanjaro Re deals to secure at least $300 million of protection, from Kilimanjaro Re Ltd. (Series 2018-1) and Kilimanjaro Re Ltd. (Series 2018-2) issues, covering identical layers of risk but with read the full article →

Kilimanjaro Re 2015-1 cat bond more than doubles to $625m

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. Everest Re returned to the catastrophe bond market almost a read the full article →

$300m Kilimanjaro Re 2015-1 cat bond launched for Everest Re

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. It's the third issuance under the Kilimanjaro Re Limited Bermuda domiciled special purpose insurance read the full article →