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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 […]

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 […]

Three outstanding tranches of catastrophe bond like notes have all had their maturities extended again given the risk of losses to investors in these transactions, two of which are expected to be a total loss and one we cannot be sure about the future for.

Japanese primary insurer Mitsui Sumitomo, an MS&AD Holdings insurance company, has successfully secured its targeted upsize for its new catastrophe bond, the Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction, with the deal set to provide the firm $100 million of reinsurance.

Japanese primary insurer Mitsui Sumitomo, an MS&AD Holdings insurance company, has lifted its target for its new catastrophe bond, the Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction, with the deal now seeking up to $100 million of reinsurance coverage for the company.

Mitsui Sumitomo, an MS&AD Holdings insurance company, has returned to the catastrophe bond market to top-up its capital markets backed reinsurance protection with a currently $75 million Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction.

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.