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 . Munich Re returned to the capital markets in December 2018 with the sponsorship and placement of an almost $86.8 million tranche of Series 2019-1 Class A participating notes from its Eden Re II Ltd. sidecar vehicle. 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 $ 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 .