PGGM Forms Reinsurance Venture with RenaissanceRe

Posted on 12/19/2018


Dutch pension investor PGGM plans to commit US$ 1 billion in VermeerRe, a Bermuda joint venture reinsurer to be formed in cooperation with Bermuda-based RenaissanceRe. PGGM will be the sole investor in VermeerRe and initially take a stake of US$ 600 million of equity in VermeerRe, with up to a further US$ 400 million available […]