Eden Re II Ltd

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.

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 has again secured a total of over $360 million of capital markets capacity using its Eden Re II Ltd. collateralised reinsurance sidecar vehicle, adding a January listing of $258.7 million of Series 2017-1 Class B notes to its December $101.4 million Class A issuance.

Reinsurance giant Munich Re has sponsored and listed another tranche of participating notes from its Eden Re II Ltd. collateralised sidecar vehicle, with $101.4 million of Series 2017-1 Class A notes admitted to the Bermuda Stock Exchange (BSX).

Global reinsurance company Munich Re said today that it has increased its use of the capital markets as a source of efficient capital for risk transfer and retrocession, citing the coverage provided by its Eden Re II sidecar renewal and recent Queen Street cat bond as “valuable”.

Global reinsurance company Munich Re has now listed the second privately placed $284.422 million tranche of Series 2016-1 Class B Section 4(a)(2) notes from its recent Eden Re II Ltd. collateralised reinsurance sidecar issue on the Bermuda Stock Exchange (BSX).

Global reinsurance firm Munich Re has listed a $75.578 million Rule 144a tranche of collateralized reinsurance sidecar notes, issued in the recently completed Eden Re II Ltd. transaction, on the Bermuda Stock Exchange (BSX).

Global reinsurance company Munich Re is set to secure $360 million of third-party capital market investor support for the renewal of its Eden Re II Ltd. fully-collateralized reinsurance sidecar, Artemis understands.

Global reinsurance firm Munich Re is seeking investor support for a renewal of its Eden Re II Ltd. fully-collateralized reinsurance sidecar, Artemis understands. Last year Munich Re raised $290 million through the sidecar, but for 2016 the firm is seeking up to $430 million.

The world’s largest reinsurance firm Munich Re has hailed the ‘synergies’ created between large institutional investors and its core natural catastrophe reinsurance business through the completion of two Eden Re collateralized reinsurance sidecar transactions.