Everest Re launches two cat bond series
Posted On: Mar. 23, 2017 5:00 AM CSTBermuda-based reinsurer Everest Re Group Ltd. is seeking $600 million or more of protection with the launch of two series of catastrophe bonds, Artemis.bm reports. The Kilimanjaro II Re Ltd. cat bond notes will provide annual aggregate cover against losses from named storms and earthquakes across the U.S. (including Puerto Rico) and Canada, on an industry loss basis.