Munich Re renews Eden Re sidecar at $150mn, up 14% on last year
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Munich Re renews Eden Re sidecar at $150mn, up 14% on last year

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Munich Re has renewed the second tranche of its Eden Re sidecar vehicle for 2024, listing $121.5mn of Class B notes on the Bermuda Stock Exchange, bringing the vehicle to $150mn in total for the year.

The reinsurer issued a tranche of 2024 Class A Eden Re notes at $28.5mn in December.

The latest tranche brings the sidecar to 14% larger than the 2023 total issuance, which was $131.1mn,

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