Eden Re II Ltd

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Munich Re reinsurance sidecar Eden Re shrinks to $235m for 2021

Munich Re has now completed the usual two tranche issuance for the renewal of its fully collateralized reinsurance sidecar vehicle Eden Re II Ltd., with the amount of capital backing the sidecar for 2021 down some 18% at $235 million. As we reported back in December, Munich Re completed the issuance read the full article →

Munich Re in first Eden Re II reinsurance sidecar renewal for 2021

Global reinsurance giant Munich Re has now completed the issuance of a first set of notes from its fully collateralized reinsurance sidecar vehicle Eden Re II Ltd. for this January renewal season, with a $55.1 million tranche of Series 2021-1 notes sold to investors. Munich Re's collateralized reinsurance sidecar is a read the full article →

Munich Re lifts Eden Re II sidecar to $300m for 2019

Reinsurance giant Munich Re has increased the size of its Eden Re II Ltd. fully collateralised sidecar vehicle to $300 million for 2019, the same amount of capital markets backed retrocessional reinsurance support the reinsurer received through the sidecar vehicle last year. Munich Re returned to the capital markets in December read the full article →

Munich Re in $86.8m Eden Re II 2019 reinsurance sidecar issuance

German reinsurance giant Munich Re has completed its first placement of collateralised reinsurance sidecar notes for 2019, with the sponsorship and placement of an almost $86.8 million tranche of Series 2019-1 participating notes from its Eden Re II Ltd. sidecar vehicle. Munich Re has been tapping the capital markets for retrocessional read the full article →

Munich Re redeems another tranche of Eden Re sidecar notes early

Reinsurance giant Munich Re has redeemed another tranche of notes from its Eden Re series of collateralized reinsurance sidecar issuances early, which may again be related to the loss activity of 2017's hurricanes and other catastrophe events. Munich Re's Eden Re sidecar series was hit by the catastrophe events of 2017, read the full article →

Munich Re takes Eden Re II reinsurance sidecar to $300m for 2018

Reinsurance giant Munich Re has sponsored a second issuance for 2018 from its latest collateralized reinsurance sidecar, with a $216.34 million tranche of Series 2018-1 Class B participating notes issued by its Eden Re II Ltd. sidecar vehicle, taking the total size of the 2018 issuance to $300 million. Munich Re's read the full article →

Munich Re in $83.7m Eden Re II 2018 reinsurance sidecar placement

Munich Re has successfully sponsored and placed an almost $83.7 million tranche of Series 2018-1 participating notes from its Eden Re II Ltd. collateralised reinsurance sidecar vehicle with investors, as it sets up its retrocessional sidecar facility for the coming year. Munich Re has been tapping the capital markets for retrocessional read the full article →

Munich Re redeems another Eden Re II sidecar tranche

Global reinsurance giant Munich Re has made a second early redemption of sidecar notes, redeeming the $75.578 million Class A tranche of the Eden Re II Series 2016-1 collateralized sidecar vehicle, which we’re again told is likely due to commutation of underlying retrocession contracts following losses suffered from recent catastrophes. Just read the full article →

Munich Re redeems one Eden Re II sidecar, discusses commuting another

Reinsurance giant Munich Re has made an early redemption of the two classes of notes from its $290 million Eden Re II Series 2015-1 collateralized sidecar vehicle, which we're told is likely due to commutation of underlying retrocession contracts following losses from recent catastrophe events. The late 2014 issuance from the read the full article →

Munich Re expands its ILS investor base, broadens sidecar lines

Global reinsurance firm Munich Re has expanded its third-party capital ILS investor base in its collateralised sidecar and catastrophe bond issues, while also expanding the coverage of its Eden Re II sidecar to include four lines of business. Munich Re, like so many other major reinsurers, has been expanding its use read the full article →