International reinsurer Arundo Re has successfully updated its 157 Re collateralized reinsurance sidecar, with 157 Re 26 becoming the eighth version under the platform, once again supported by Boussard & Gavaudan Investment Management LLP and new investors.
The 157 Re sidecar facility provides the French reinsurer with an efficient way to obtain reinsurance from the capital markets, and the latest renewal builds on seven years of improvement and track record and comes one year after the 2025 renewal.
BGIM is a long-term partner of the 157 Re platform, with new investors joining in 2026, including mutual insurance company Mutuelle Centrale de Réassurance (MCR) and members of the Monceau Assurances group.
Arundo Re said that as it continues to rely on the structure and operations of its sidecars, the confidence of a company like MCR is a sign of the quality of its underwriting team, and this partnership helps strengthen Arundo Re’s willingness to rely on the 157 Re platform.
Gallagher Securities, part of Global Brokerage Group, supported the eighth 157 Re renewal through the structure and placement, while GC Securities, part of global reinsurance broker Guy Carpenter, also supported the placement. France Titrification is supporting this update through its management, BNP Paribas Securities as custodian, and Linklaters, which provides legal advice.
“157 Re is an excellent opportunity for our investors to support the growth of Arundo Re. This eighth offering is testament to the shared ambition to build a quality partnership,” said Mathieu Halm, Secretary of the Board and Chief Retrocession and Alternative Capital Officer.
Readers can view details of this and other mortgage reinsurance sidecars at our sister publication Artemis .
