Mt. Logan Re

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Everest Re’s premiums ceded to Mt. Logan Re rise 38% in Q1

Global insurance and reinsurance group Everest Re made increased use of its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the first-quarter of 2020, with premiums ceded to the structure rising 38% year-on-year. The acceleration in terms of premiums being ceded to third-party reinsurance capital investors through the Mt. Logan read the full article →

Everest Re adds to hedges with ILW’s, Mt. Logan Re AuM stays flat

Everest Re, the global insurance and reinsurance firm, has been buying hedging protection in the form of industry-loss warranty (ILW) coverage in 2020, while catastrophe bonds and its Mt. Logan Re collateralised reinsurance vehicle also continue to play a key role in its protection for the all-important hurricane season. Speaking during read the full article →

Everest Re reports 21% premium growth, small profit despite Covid-19

Global insurance and reinsurance group Everest Re has significantly grown its underwriting book in the first-quarter of the year, reporting 21% growth in net premiums written in a quarter marred by Covid-19 pandemic related losses but in which it still managed to report a profit. Everest Re reported $16.6 million of read the full article →

Everest Re warns of $150m Covid-19 hit largely to reinsurance book

Global insurance and reinsurance group Everest Re has warned the market that it is reserving for a potential $150 million hit to its business from losses due to the Covid-19 coronavirus pandemic. While Everest Re said that it expects to report a combined ratio of below 100% across its consolidated reinsurance read the full article →

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 →