Everest Re reaches $1.1bn AuM as reinsurer lets cat bonds elapse

26 October 2023

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Everest Re said it raised more than $250mn for its Mt Logan sidecar this year, with assets under management reaching “just under $1.1bn”, as it signalled plans to lift its net retentions and cut back use of other hedging instruments.

COO and reinsurance chief Jim Williamson said the firm expected “some incremental capital raising at 1.1 and throughout the course of next year” for the vehicle.

The

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Everest Re reaches $1.1bn AuM as reinsurer lets cat bonds elapse

Everest Re said it raised more than $250mn for its Mt Logan sidecar this year, with assets under management reaching “just under $1.1bn”, as it signalled plans to lift its net retentions and cut back use of other hedging instruments.

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Everest Re reaches $1.1bn AuM as reinsurer lets cat bonds elapse

Everest Re said it raised more than $250mn for its Mt Logan sidecar this year, with assets under management reaching “just under $1.1bn”, as it signalled plans to lift its net retentions and cut back use of other hedging instruments.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn