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July 17, 2020

PGGM increases investment in Swiss Re’s private sidecar vehicle Viaduct Re

Netherlands-based pension fund manager PGGM has boosted its investment in Viaduct Re, a private sidecar vehicle of Swiss Re.

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With this investment, the Dutch fund manager has invested a total of $500m in Viaduct Re.

Established in July last year, the sidecar vehicle focuses on US property reinsurance risks.

Viaduct Re offers PGGM access to a portion of Swiss Re’s core natural catastrophe property treaty reinsurance portfolio.

PGGM senior director Eveline Takken-Somers said: “Through our investment in Viaduct Re we gain access to Swiss Re’s excellent global underwriting, modelling capabilities and claims handling expertise.

“This transaction allows us to further optimize our client’s steadily growing Insurance Linked Investments portfolio.”

PGGM’s investment fully capitalises the sidecar, Swiss Re said in its press statement.

Swiss Re head of Alternative Capital PartnersA Philipp Ruede said: “We are very excited to strengthen our relationship with one of the leading and most sophisticated investors in the ILS market.

“Swiss Re has built a market-leading position as the home for natural catastrophe risks based on our experience in underwriting, our proprietary R&D and our strong client franchise.

“We are delighted to strengthen our long-term ties with PGGM, a similarly innovative partner.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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