Everest Re cedes more premiums to collateralized reinsurance unit

Posted On: Aug. 13, 2019 6:06 AM CST

Bermuda-based Everest Re Group Ltd. ceded nearly $59 million in premiums to its collateralized reinsurance unit in the second quarter of this year, up 25.5% from $47 million in the second quarter of 2018, Artemis.bm reports. Everest Re ceded about $39 million of losses to Mt. Logan Re Ltd., down 71% from $135 million in the second quarter of 2018.