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24 March 2018

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Swiss Re boosts Sector Re sidecar to $492mn

16 June 2017

Swiss Re has bolstered its retro support from the Sector Re sidecar by around $100mn in the past year to take the vehicle's total capacity to $492mn, Trading Risk understands.

This was up 25 percent from the previous year's figure of $395mn.

The reinsurer tends to source capital for the Sector Re vehicle in April and December each year, and has raised the $492mn from six different series of notes issued in the past year, Bloomberg records show.

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