Akibare Re Pte. Ltd. (Series 2020-1)

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.