Everest recovers $30mn from Kilimanjaro Re to cover Hurricane Ian losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Cookies Settings

Everest recovers $30mn from Kilimanjaro Re to cover Hurricane Ian losses

Liz Bury
27 July 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Everest_1.png

Everest Group's reinsurance segment recovered $30mn from its cat bond coverage for Hurricane Ian, helping to bring cat losses for Q2 to $27mn, down from $80mn in Q2 2022.

Everest CEO Juan Andrade signalled last October that the Kilimanjaro Re bonds would trigger if PCS’s industry loss number hit $48bn, which it did in Q2.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsEverest Re
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article