Mitsui Sumitomo secures 33% upsize to $100m for Akibare 2020 cat bond
20th March 2020Japanese 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.
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