Appleby Bermuda advised PGGM in relation to an investment into Swiss Re’s sidecar vehicle, Viaduct Re Ltd.

This transaction represents PGGM’s second investment into Viaduct Re Ltd. which is a Bermuda regulated special purpose insurer covering worldwide treaty reinsurance business focused on natural catastrophe perils.

PGGM’s investment enables it to access Swiss Re’s core natural catastrophe property treaty reinsurance portfolio and fully capitalises Viaduct Re Ltd.

This investment takes PGGM’s total investment in Swiss Re’s sidecars to over USD 500 million.

Partner Brad Adderley led the transaction with assistance from Senior Associate Josephine Noddings.