EG · News · 20260804N
Sidecar Premium Cessions
EVEREST GROUP, LTD. · 2026-08-04 · Importance 58 · Surprise 42 · In source text
Everest ceded US$274 million of written premiums to the newly launched Annapurna Re casualty reinsurance sidecar in the second quarter of 2026. Premiums ceded to the Mt. Logan Re sidecar also increased year over year, marking the first increase since an accounting change. The cessions reduced Everest's net written premiums for the quarter. The transactions increase the role of third-party capital strategies in Everest's portfolio.
Key facts
- Everest ceded $274 million in written premiums to its newly launched Annapurna Re casualty reinsurance sidecar in Q2 2026. source
- Premiums ceded to Mt. Logan Re rose in Q2 2026, the first year-on-year rise since an accounting change. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -6.9% | Everest ceded $274 million in written premiums to its newly launched Annapurna Re casualty reinsurance sidecar in Q2 2026. |