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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 →

Sidecars & retro won’t pick up many COVID losses from Munich Re: CFO

Munich Re does not expect its collateralised reinsurance sidecar vehicles or its retrocession program to pick up much of its losses from the COVID-19 pandemic, according to the reinsurers CFO. Speaking during a media call this morning, Christoph Jurecka, CFO of Munich Re said that Munich Re continues to focus on read the full article →

Munich Re takes Eden Re II reinsurance sidecar to $285m for 2020

Global reinsurance firm Munich Re has now taken its Eden Re II Ltd. collateralised reinsurance sidecar vehicle to $285 million of issuance for 2020, with a second tranche coming to market yesterday. Munich Re is a regular sponsor of reinsurance sidecars, with its Eden Re and Eden Re II vehicle having read the full article →

Munich Re renews Leo Re Ltd. sidecar for PGGM at $400m

Global reinsurance firm Munich Re and the largest single insurance-linked securities (ILS) investor in Dutch pension fund manager PGGM have now completed issuance of their Leo Re Ltd. private sidecar arrangement for 2020, which is again $400 million in size. Munich Re has continued its direct investment relationship with experienced insurance-linked read the full article →

Munich Re lists $54.6m Eden Re sidecar tranche, preps Leo Re renewal for PGGM

Global reinsurance firm Munich Re is in the midst of issuing its collateralised reinsurance sidecar arrangements for 2020, with the first $54.6 million tranche of Eden Re II Ltd. Series 2020-1 notes and the first slice of a Leo Re Ltd. 2020-1 private sidecar arrangement for Dutch pension fund investor read the full article →

Munich Re & PGGM add $380m Leo Re 2019 private sidecar arrangement

Experienced insurance-linked securities (ILS) investor Dutch pension fund manager PGGM and global reinsurance firm Munich Re have now completed what appears to be the rest of their 2019 Leo Re Ltd. private sidecar arrangement, with another $380 million tranche of notes issued. In December PGGM's Leo Re Ltd. collateralised reinsurance sidecar read the full article →

PGGM in $20m Leo Re 2019 private sidecar transaction with Munich Re

Dutch pension fund manager PGGM has completed its first issuance of notes from its Leo Re Ltd. collateralised reinsurance sidecar for 2019, with a $20 million Series 2019-1 Class A tranche of notes issued which feature property catastrophe risk sourced from Munich Re. The Leo Re Ltd. series of private sidecar 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 →

PGGM’s $400m Leo Re is a private sidecar deal with Munich Re

The recently completed $400 million Leo Re Ltd. 2018-1 collateralised reinsurance sidecar transaction, issued on behalf of one of the funds administered by Dutch pension fund manager PGGM, involves a private ILS transaction between PGGM and reinsurance giant Munich Re. A PGGM spokesperson confirmed that the latest sidecar arrangement is another read the full article →