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CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
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Management track record has been a factor in capital raising for 2025.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Shareholders are voting to approve being wound up on 18 December.
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Strong growth in fee income builds on the favourable rating environment.
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The fund will be denominated in US dollars and digital currencies.
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The sidecar was established to enhance RGA’s access to capital for its US asset intensive business.
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The capital being returned to shareholders is part of a compulsory partial redemption.
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The firm’s AuM in four key vehicles rose $526mn in Q3.
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The company’s reinsurance premiums ceded fell by 58% to $149mn.
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The deal would represent a diversifying auto risk deal.
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Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.