Kilimanjaro Re Ltd

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Alternative capacity increasingly part of Everest Re’s strategy: Addesso

Bermudian reinsurance group Everest Re is increasingly using alternative reinsurance capital as part of its strategy as the firm seeks ways to optimise its returns, according to President and CEO Dominic Addesso.After a strong first-quarter, reported yesterday, which saw Everest Re beat expectations reporting after-tax income of $281m, equating to 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 →

Everest Re’s Kilimanjaro Re cat bond grows to $450m with demand

The first catastrophe bond from new sponsor Everest Reinsurance Company, Kilimanjaro Re Ltd. (Series 2014-1), has increased in size by 80% to $450m and pricing guidance has dropped due to strong investor demand.Sources said that the Kilimanjaro Re cat bond, through which Everest Re is looking to secure a source 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 →