Everest Re seeks $600mn from two cat bonds

Everest Re is hoping to raise $600mn from new two Kilimanjaro Re
II cat bonds, sister publication Trading
Risk reported yesterday.
The new transactions are Everest Re's fourth and fifth cat
bonds to date. It already has a combined $1.58bn of cat bond cover
from previous deals, with $450mn maturing next April.
But it has returned to the insurance-linked securities market to
take advantage of softening rates, with the new Kilimanjaro Re
2017-1 and 2017-2 issuances set to provide the...