International reinsurer Arundo Re has successfully renewed its 157 Re collateralised reinsurance sidecar, with 157 Re 26 becoming the eighth vintage under the platform, supported once again by Boussard & Gavaudan Investment Management LLP, as well as new investors.
The 157 Re sidecar vehicle provides the French reinsurer with an efficient way to access reinsurance from the capital markets, and the latest renewal builds on seven years of improvements and track record, issued a year after the 2025 renewal.
BGIM is a long-standing partner of the 157 Re platform, and for 2026 was joined by new investors, including Mutuelle Centrale de Réassurance (MCR), a mutual insurance company, and member of the Monceau Assurances group.
Arundo Re says that as it continues to rely on the structure and operation of its sidecar, the confidence from a company like MCR is a sign of the quality of its underwriting teams, while this partnership serves to strengthen Arundo Re’s willingness to rely on the 157 Re platform.
Gallagher Securities, part of the global broking group, supported the eighth 157 Re renewal via structuring and placement, while GC Securities, part of global reinsurance broker Guy Carpenter, also supported for placement. France Titrisation supported this renewal via management, BNP Paribas Securities as custodian, and the Linklaters firm for legal advice.
“157 Re is a great opportunity for our investors to support Arundo Re in its development. This eighth issuance testifies to a shared ambition to build a quality partnership,” said Mathieu Halm, Board Secretary and Chief Retrocession & Alternative Capital Officer.
