Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Kizuna Re Ltd. catastrophe bond covers Japan typhoon risks


Our earlier article on the recently completed Kizuna Re Ltd. private catastrophe bond transaction contained an inaccuracy. We said the deal covered Japanese earthquake risks, but it transpires that the deal actually covered $160m worth of Japanese typhoon and windstorm risks.

It has also been reported by Trading Risk that the sponsor of the Kizuna Re transaction was Tokio Marine and that the cat bond goes some way to replacing their 2006 Fhu-Jin Japanese typhoon cat bond. Fhu-Jin had been due to renew earlier this year we believe, but in the wake of the earthquake in Japan Tokio Marine delayed the issuance and have now opted for a private cat bond transaction as we reported earlier.

Trading Risk also confirm that out earlier thoughts that Aon Benfield Securities had participated in this transaction were seemingly correct.

Again, if we get any further information on this deal we will update you.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.