PGGM invests in EBRD's inaugural Mosaic securitisation

PGGM became an anchor investor in EBRD's Mosaic significant-risk-transfer transaction. The EUR 1 billion reference portfolio remains on EBRD's balance sheet. A EUR 145 million mezzanine tranche was partly placed with PGGM and partly insured by AXA XL, AXIS Capital and Liberty Mutual. PGGM's individual participation amount was not disclosed.