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Akibare Re Ltd. (Series 2018-1)

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New cat bond lowered costs, first to cover floods in Japan: MS&AD

5th April 2018

Japanese insurance group MS&AD Insurance Group Holdings hailed the completion of its latest catastrophe bond, the $320 million Akibare Re Ltd. (Series 2018-1) deal, saying that it marks the first Japanese cat bond to feature pure flood exposure and also highlighting that by jointly sponsoring the transaction, its insurers lowered their costs.

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