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Everest Group increases premiums ceded to Mt. Logan Re in Q2 2026
Everest also disclosed ceding $274 million of written premiums to its new Annapurna Re casualty sidecar, alongside higher Mt. Logan Re funding and lower losses in the first half of 2026.
Everest Group reported that premiums ceded to Mt. Logan Re Ltd., its third party capitalised sidecar like structure, rose in the second quarter of 2026 after a prior accounting methodology change reduced reported ceded written premiums without changing annual premium activity, according to Artemis. For Q2 2026, Everest said it ceded $92 million of written and earned premiums to Mt. Logan Re, up from $80 million of written premiums in the comparable quarter, and it recorded $12 million of losses and loss adjustment expenses ceded to the structure, versus zero in the year earlier period. The company also reported that, for the first half of 2026, ceded written and earned premiums were $210 million and losses and LAE ceded were $42 million, compared with $250 million of ceded written premiums and $121 million of losses and LAE in the first half of 2025.
Artemis linked the increase in Q2 2026 premiums ceded to higher Mt. Logan assets under management, which rose to $3.4 billion and includes $600 million of capital tied to the recent launch of the Annapurna Re casualty reinsurance sidecar vehicle. Everest further disclosed ceding $274 million of written premiums to Annapurna Re.
Beyond the sidecar, Artemis said Mt. Logan Capital Management AUM remains above last year levels, which provides more funding to the core Mt. Logan Re strategies and supports additional premium cessions, based on the outlet’s interpretation. Everest also indicated the investment performance under the Mt. Logan Re strategies appears stronger in the first half of 2026, given the lower losses and LAE ceded.