The recently completed Akibare II Ltd. Japan typhoon catastrophe bond, sponsored by Swiss Re on behalf of ceding Japanese insurer Mitsui Sumitomo Insurance Co. Ltd., has now had ratings assigned to the cat bond notes it issued and the notes have been listed on the Cayman Islands Stock Exchange. Akibare II upsized to complete as […]
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Akibare II Ltd. a Japan typhoon catastrophe bond sponsored by Japanese insurer Mitsui Sumitomo Insurance Co. Ltd. has priced and been upsized just prior to closing according to sources. The Akibare II cat bond will be exposed to Japanese typhoons and tropical storms (including both wind and flood losses) over a four-year period until the […]
Akibare II Ltd., the first Japan typhoon catastrophe bond of 2012, has been launched and is being marketed to investors. The $90m cat bond is being sponsored by Swiss Re on behalf of the ultimate cedant Japanese insurer Mitsui Sumitomo Insurance Co. Ltd. a subsidiary of MS&AD Insurance Group Holdings. The transaction will go someway […]
Mitsui Sumitomo Insurance has raised its estimate of losses from Japanese typhoons that struck in 2018, which has driven the qualifying aggregate loss amount under the terms of its $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1) over the exhaustion point.
Increasing industry and cedant loss expectations for typhoon Jebi have resulted in another over 50% decline in secondary pricing for the Mitsui Sumitomo Insurance sponsored $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1).
Mitsui Sumitomo Insurance Co. Ltd’s $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1) has been priced down as cat bond investors suspect it faces a potential loss of some principal, as the sponsoring insurers claims from typhoons including Jebi keep rising.
Japanese insurance group MS&AD Insurance Group Holdings looks set to secure a new $320 million source of capital markets backed reinsurance protection at efficient pricing, as its latest catastrophe bond, the Akibare Re Ltd. (Series 2018-1) deal, secures the maximum targeted size at the lowest targeted pricing level.
The Akibare Re Ltd. (Series 2018-1) catastrophe bond transaction looks set to increase in size thanks to investor demand, with the targeted issuance size rising to $320 million of coverage for the two sponsoring ceding insurers from MS&AD Insurance Group Holdings.
A new catastrophe bond transaction has been launched to benefit two companies of Japanese insurance group MS&AD Insurance Group Holdings, with a $225 million Akibare Re Ltd. (Series 2018-1) transaction that seeks to secure the sponsors a source of collateralized multi-peril reinsurance cover for three perils.
The latest catastrophe bond from sponsoring Japanese insurance group Mitsui Sumitomo has grown in size to $200 million, while pricing on the Akibare Re Ltd. (Series 2016-1) issuance has dropped to the low-end of guidance.