Everest Re cat bonds exposed to Maria losses

The Kilimanjaro Re series of cat bonds sponsored by Everest Re
are among a dozen insurance-linked securities (ILS) deals exposed
to losses incurred by Hurricane Maria, which hit Puerto Rico as a
Category 4 hurricane on 20 September.
ILS investors said that the relatively low level of insurance
coverage in the Caribbean compared to the US market meant that the
cat bond sector was unlikely to be significantly affected by the
storms.
But as Caribbean claims could add to US...