Kizuna Re II Ltd

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Tokio Marine’s Kizuna Re cat bond pricing drops

The latest catastrophe bond from Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. has seen its pricing drop while being marketed, as the $200 million Kizuna Re II Ltd. (Series 2018-1) Japan earthquake transaction looks set to complete with one tranche at the mid-point and another read the full article →

Tokio Marine: Issuing Japan quake indemnity cat bond a challenge

Japanese insurer Tokio Marine & Nichido Fire’s reinsurance buyer expressed his pleasure at the completion of Kizuna Re II Ltd., but also acknowledged the difficulty faced in issuing commercial Japanese earthquake risk as an indemnity catastrophe bond.Aon Benfield Securities, the investment banking and capital markets advisory division of reinsurance broker read the full article →

Kizuna Re II cat bond grows to $245m, prices at low end

Tokio Marine & Nichido Fire’s latest catastrophe bond transaction, Kizuna Re II Ltd. has been upsized to $245m before finally pricing at the lowest end of the already reduced range.Sources told Artemis that Tokio Marine has taken advantage of attractive insurance linked securities market issuance conditions to grow the size read the full article →