Akibare Ltd.

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Akibare Ltd. – At a glance:

  • Issuer: Akibare Ltd.
  • Cedent / sponsor: Mitsui Sumitomo
  • Placement / structuring agent/s: Swiss Re Capital Markets structured and managed the deal
  • Risk modelling / calculation agents etc: RMS
  • Risks / perils covered: Japan typhoon
  • Size: $120m
  • Trigger type: Parametric index
  • Ratings: S&P: Class A - 'BB+', Class B - 'BB+'
  • Date of issue: May 2007
  • Artemis.bm news coverage: Articles discussing Akibare Ltd. from Artemis.bm
  • Other coverage: Link to external coverage

Akibare Ltd. – Full details:

Akibare Ltd is a parametric securitization of Japan typhoon risk that uses 10-minute mean wind speeds, observed over 900 stations of the Automated Meteorological Data Acquisition System (AMeDAS) network in Japan to calculate peak gust wind speeds.

Risk Management Solutions has designed the trigger mechanism and performed the risk analysis.

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