Eden Re Ltd.

The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.

Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?

Eden Re Ltd. sidecar snapshot

  • Reinsurance sidecar: Eden Re Ltd.
  • Sponsor: Munich Re
  • Launched: January 2014
  • Latest size: $63m (as at January 2014)

Eden Re Ltd. sidecar details

Eden Re Ltd., a $63m fully-collateralized reinsurance sidecar venture was launched on the Bermuda Stock Exchange (BSX) in January 2014, by global reinsurer Munich Re. The $63m listing provides Munich Re with collateralized capacity to support its property catastrophe business.

This is Munich Re’s first sidecar issuance under the Eden Re name, and the $63m of notes listed under the Eden Re reinsurance sidecar have a maturity date of 21st April 2017.

At the end of 2014 Munich Re issued two more reinsurance sidecar vehicles, Eden Re II Ltd. and Eden Re I Ltd. (Series 2015-1), as the firm continued to grow its use of alternative capital and leverage its relationships with capital market investors.

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