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PGGM ILS mandate scope for Nephila, PartnerRe & Swiss Re upsized

PGGM, the Dutch pension fund administrator and investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has significantly increased its mandated allocation allowances for some of its leading invetsment partners in the ILS and reinsurance sector. With, we understand, roughly US $7.5 billion of investments read the full article →

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 →

Swiss Re: Covid not a big event for sidecar, aims to expand ILS activity

Global reinsurance firm Swiss Re expects that while it seems that some losses from the Covid-19 pandemic could fall to its quota share sidecar investors, the amount won't be significant. Speaking this morning during the companies first-half earnings call, CFO of Swiss Re John Dacey said that the pandemic won't prove read the full article →

PGGM and Swiss Re deepen Viaduct Re sidecar relationship to $500m+

PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, has expanded and deepened its private quota share sidecar relationship with reinsurance firm Swiss Re. In total, the Viaduct Re Ltd. private reinsurance sidecar arrangements between PGGM read the full article →

PGGM added an ILS relationship with PartnerRe in 2019

PGGM, the Dutch pension fund administrator and investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, added a relationship with global reinsurance firm PartnerRe in 2019, as it expanded its ILS partner roster to ten. PGGM, which invests in the ILS and reinsurance market on read the full article →

PGGM adds private quota share with Swiss Re through Viaduct Re Ltd.

PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, added a private quota share arrangement with reinsurance giant Swiss Re in 2019, using a special purpose insurer (SPI) named Viaduct Re Ltd. Last month we reported read the full article →

PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the 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 →