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International

Munich Re seeks investor support to renew Eden Re II reinsurance sidecar for 2016

November 24, 2015 Reprints

Munich Reinsurance Co. is looking for investor support to renew its fully-collateralized reinsurance sidecar Eden Re II Ltd. for 2016, Artemis.bm reported.

Munich Re is looking to raise up to $430 million through the sidecar in 2016.

The sidecar covers natural catastrophe perils.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees

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Munich Re seeks investor support to renew Eden Re II reinsurance sidecar for 2016

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