Swiss Re, PGGM Close Second Private Sidecar Transaction
July 16 2020 - 8:49AM
Dow Jones News
By Mauro Orru
Swiss Re AG said Thursday that it has closed a second private
sidecar transaction with Dutch pension fund manager PGGM.
The Swiss reinsurer said the latest deal means PGGM made an
overall investment of more than $500 million in Swiss Re's sidecar
vehicle Viaduct Re Ltd., a special purpose insurer.
PGGM gained access to part of Swiss Re's core natural
catastrophe property treaty reinsurance portfolio through Viaduct
Re Ltd., Swiss Re said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 16, 2020 08:34 ET (12:34 GMT)
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