Two cat bonds upsize by more than 50%

New cat bond issuances from Everest Re and Aspen Bermuda
expanded by at least 50 percent over the course of marketing, as
investor appetite remained strong.
Aspen Bermuda's Kendall Re 2018-1 cat bond settled at
$225mn, up 50 percent from an initial $150mn target. Everest
Re's two Kilimanjaro Re cat bonds settled at $525mn, up 75
percent on the original target size of $300mn.
Both series of the Kilimanjaro Re notes provide Everest Re with
annual aggregate industry loss protection...