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. Read our previous articles on Munich Re’s Eden Re II Ltd. collateralised reinsurance sidecar. Allianz has been a major beneficiary from this new market opening as well.
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. Allianz has been a major beneficiary from this new market opening as well.