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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 →

Munich Re takes Eden Re II reinsurance sidecar to $360m+ for 2017

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.The Eden Re II Ltd. read the full article →

$101.4m Eden Re II reinsurance sidecar notes listed for Munich Re

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).Munich Re regularly taps the capital markets and insurance-linked securities (ILS) investors for read the full article →

Munich Re cites “valuable” capital market risk transfer with sidecar & cat bond

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"."The current market environment read the full article →

Munich Re lists Eden Re II sidecar Class B Section 4(a)(2) notes on BSX

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).For its recent Eden Re II Series 2016-1 reinsurance sidecar renewal, read the full article →

Munich Re lists 144a tranche of Eden Re II reinsurance sidecar on 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).As we wrote last week, Munich Re raised a total of $360 million from the Eden Re read the full article →

Munich Re renewing Eden Re II reinsurance sidecar at $360m

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.As we wrote first in November, Munich Re has been back in the market for a 2016 renewal for the read the full article →

Munich Re to renew Eden Re II reinsurance sidecar for 2016

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.According to our sources, Munich Re is read the full article →