Munich Re increased its sidecar vehicle Eden Re II to $ 300 m for 2019 , matching the amount raised for the vehicle in 2018 . Munich Re had allowed Munich Re access to capital markets for retrocessional reinsurance protection since 2014 , and had transferred more than $ 2bn of risk since then . The deal also allowed it to share underwriting costs with insurance - linked investors . The due date was set at March 22 , the same date as the 2018 deal , leading analysts to suggest an annual waiting period for the deal .
Munich Re increased its sidecar vehicle Eden Re II to $300m for 2019, matching the amount raised for the vehicle in 2018. Eden Re had allowed Munich Re access to capital markets for retrocessional reinsurance protection since 2014, and had transferred more than $2bn of risk since then. The deal also allowed it to share underwriting returns with insurance-linked investors. The due date was set at March 22, the same date as the 2018 deal, leading analysts to suggest an annual renewal arrangement for the deal.