Mt. Logan Re
Premiums ceded to Mt. Logan Re outpaced losses in 2019 for Everest Re
Global insurance and reinsurance group Everest Re ceded more premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in 2019 than losses, the first year since 2016 when catastrophe impacts have been far outpaced by premium growth.While 2019 saw its fair share of major global catastrophe loss events 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 →
Mt. Logan Re AuM & cat bond assets shrank at 1/1 for Everest Re
Third-party reinsurance capital accounted for within reinsurer Everest Re's capital stack shrank at January 1st 2020, as assets under management in its Mt. Logan Re collateralized reinsurance sidecar-like vehicle shrank at year-end, while catastrophe bond maturities outweighed its renewals.Everest Re had been building an increasingly larger contribution from third-party reinsurance read the full article →
Everest Re’s new CEO Andrade sees retro & third-party capital opportunities
Everest Re's new and incoming CEO Juan C. Andrade sees a range of opportunities presented by current market conditions, among which are increased use of third-party reinsurance capital and also underwriting in the retrocession market.Everest Re held a series of analyst meetings this week, with Andrade taking a lead role read the full article →
Everest Re’s premiums & losses ceded to Mt. Logan Re both rise in Q3
Global insurance and reinsurance group Everest Re has ceded both increased premiums and losses to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the third-quarter of 2019.The Everest Re 10Q details the level of underwriting premiums ceded to Mt. Logan Re, a figure that has been steadily on read the full article →
Expected double-digit retro firming an opportunity for Everest Re: Doucette
Everest Re is anticipating double-digit rate increases across the retrocessional reinsurance market at the January renewals, which the company believes it is well-positioned to take advantage of, although it aims to be selective.This could also benefit the third-party investors backing Everest Re's collateralized reinsurance sidecar like vehicle Mt. Logan Re, read the full article →
Everest Re’s Q3 results hit by catastrophes, Mt. Logan assets stabilising
Bermuda headquartered insurance and reinsurance firm Everest Re saw its third-quarter 2019 results dented by the impacts of catastrophe losses, but it continued to grow its capital base and its fully collateralized reinsurance sidecar and segregated accounts vehicle Mt. Logan Re stabilised further in the quarter.Everest Re reported a 47% read the full article →
Everest Re cedes more premiums, fewer losses to Mt. Logan Re
The amount of losses that insurance and reinsurance group Everest Re ceded to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle have almost halved so far in 2019.Reflecting the continued recovery from the major catastrophe losses of 2017 and 2018, Bermuda headquartered Everest Re has not needed to pass read the full article →
Everest Re adds aggregate retro, Doucette calls Mt. Logan Re “core”
Everest Re sees its Mt. Logan Re Ltd. collateralized reinsurance sidecar like vehicle as a core piece of the firm's strategic catastrophe risk management, but the company is not looking to grow Mt. Logan Re just for the sake of growing, according to John Doucette.Everest Re has a multi-capital approach read the full article →
Everest Re capital base hits all-time high, Mt. Logan Re shrinks slightly
Everest Re saw its fully collateralized reinsurance sidecar and segregated accounts vehicle Mt. Logan Re shrink slightly during the second-quarter of 2019, but at the same time the reinsurer grew its shareholders equity significantly, taking its overall capital base to a new high of $13.4 billion.Everest Re reported a strong read the full article →
