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

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn