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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.

Japanese insurance group Mitsui Sumitomo Insurance Co. Ltd., a subsidiary of MS&AD Insurance Group Holdings, is returning to the catastrophe bond market with Akibare Re Ltd. (Series 2016-1) issuance, seeking $175m of Japan typhoon reinsurance protection.

Typhoon Nangka is heading for a landfall later this week in Japan (late Thursday), with a recent forecast suggesting that the storm could maintain Category 2 strength at that point, putting insurance and reinsurance contracts at risk, as well as the Aozora Re and Akibare II catastrophe bonds.

There are three catastrophe bonds in the final phase of their marketing and execution at the moment, all of which are due to complete within the next week. Akibare II Ltd. and Pelican Re Ltd. are both due to price tomorrow according to our sources and will settle next week, Blue Danube Ltd. has we […]

According to a report, Japanese primary insurance group Mitsui Sumitomo Insurance has launched a service that issues catastrophe bonds for corporations and non-financial companies, from energy utilities to factories, to provide capital markets backed insurance protection.

The mix of perils and the underlying structure of some recent catastrophe bond transactions point to a gradual expansion of the cat bond markets scope and offer investors new sources of diversification. The inclusion of new perils within some cat bonds while other deals focus on a specific peril and geographic location, along with new […]

A new catastrophe bond issuance has been launched to benefit two Japanese insurance carriers owned by MS&AD Insurance Group Holdings, with the Tomoni Re Pte Ltd. (Series 2022-1 & 2022-2) transaction aiming to secure the sponsors a multi-year source of collateralized Japanese typhoon and flood reinsurance protection.