Everest Re establishes catastrophe reinsurer Mt. Logan Re

theflyonthewall.com

Everest Re Group announced the formation of Mt. Logan Re, a new Bermuda domiciled special purpose reinsurer, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. Everest Re will provide initial funding of $50M to Mt. Logan Re with additional funding secured from third party investors to reach an initial target capacity of $250M.

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