Having begun its Eden Re II Ltd. collateralized reinsurance sidecar placements with the largest Class A tranche of notes since 2019, global reinsurer Munich Re has now added the usual Class B issuance, but this tranche has been placed at just $85.5 million, which is the smallest size for that layer since right back in 2015.
Which has resulted in the Eden Re II reinsurance sidecar placement of listed notes being at the same size as the prior year, securing Munich Re $150 million of collateralized quota share retrocessional reinsurance from the capital markets.
FULL ORIGINAL PUBLICATION HERE
