Swiss Re Insurance-Linked Fund Management

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News & Analysis Results

Tokio Marine seeks $200m Umigame Re Japan typhoon & flood cat bond

News 8th June 2021

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. is back in the catastrophe bond market for its first issuance to cover typhoon risks in Japan since 2011 and the company is also seeking reinsurance protection against Japanese flood losses through this new Umigame Re Pte. Ltd. (Series 2021-1) issuance as well.

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FEMA’s new flood cat bond to settle at upsized $575m, prices down

News 18th February 2021

The U.S. Federal Emergency Management Agency (FEMA) will be delighted with the outcome of its latest visit to the catastrophe bond market, as its FloodSmart Re Ltd. (Series 2021-1)  issuance will now secure the upsized target of $575 million of reinsurance protection, while pricing has been fixed at the bottom of an already reduced range.

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