Queen Street XII Re dac

The successful and efficient execution of the $190m Queen Street XII Re dac 2016 catastrophe bond transaction showed global reinsurance firm Munich Re’s desire to build stronger relationships with the ILS investor community, according to broker Guy Carpenter.

Global reinsurance firm Munich Re is set to sponsor its largest catastrophe bond ever, as the Queen Street XII Re dac 2016 transaction is now set to complete at $190m in size, securing the reinsurer its largest slice of cat bond investor backed retrocession.

Reinsurance firm Munich Re’s Queen Street XII Re dac 2016 catastrophe bond transaction could as much as double in size, with the company raising its target to $150m to $200m for the bond, while at the same time price guidance has been lowered.

Global reinsurance company Munich Re is returning to the capital markets with a new issuance, as it seeks to expand its capital markets sources of retrocession through a (currently) $100m Queen Street XII Re dac 2016 catastrophe bond transaction.