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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 →

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 →

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 →

PGGM ILS portfolio grows to $4.6bn, despite 2017 catastrophes

The insurance and reinsurance-linked investment portfolio of Dutch pension fund manager PGGM grew in 2017, as the asset manager continued to increase allocations to the sector on behalf of the pension fund it manages an allocation for and despite the impacts of catastrophe losses.In fact, it was the effect of read the full article →

PGGM secures $140m Leo Re sidecar tranche, takes 2018 issue to $400m

Dutch pension fund manager PGGM has secured a second issuance from its collateralised reinsurance sidecar, as the Leo Re Ltd. vehicle issued a $140 million Series 2018-1 Class B tranche of notes, shortly after issuing a $260 million Class A tranche earlier in December.This new Leo Re Ltd. collateralised reinsurance read the full article →

$260m Leo Re reinsurance sidecar funded by PGGM for 2018

A new $260 million Leo Re Ltd. collateralised reinsurance sidecar transaction has been issued on behalf of Dutch pension fund manager PGGM, as the organisation returns for its second issuance under the Leo Re vehicle, following its $200 million 2017 sidecar arrangement.A year ago, Leo Re Ltd., a Bermuda domiciled read the full article →