Everest Re lifts targets for cat bonds
Posted On: Dec. 9, 2019 5:39 AM CSTBermuda-based reinsurer Everest Re Group Ltd. has raised targets for its recently launched Kilimanjaro Re III catastrophe bond issuances, following positive investor response, Artemis reported. The reinsurer is now expecting $500 million to $800 million in retro reinsurance protection from the Kilimanjaro Re III transactions, up from the previous target of $375 million.