Aozora Re Ltd. (Series 2017-1)


Typhoon Hagibis loss development better than feared: Analysts

According to analysts, loss development from last year's Japanese typhoon Hagibis is not following the same path as 2018's Jebi, with the current prognosis being that development is much better than feared. After the industry-wide experience with 2018's typhoon Jebi and the resulting slow, creeping loss development, the insurance, reinsurance and read the full article →

Japanese cat bonds trade up as Jebi & Hagibis loss outlooks improve

Three tranches of catastrophe bonds exposed to Japanese typhoon wind damage have traded up around 10% in recent weeks, as the market's view of how large the eventual industry losses from typhoon Jebi and Hagibis will be has moderated somewhat. Both tranches of the $320 million Akibare Re Ltd. (Series 2018-1) read the full article →

Sanders & Aozora cat bonds both price below initial guidance

In a further demonstration of catastrophe bond and insurance-linked investor demand, both the $375 million Sanders Re Ltd. (Series 2017-1) from Allstate and the $480 million Aozora Re Ltd. (Series 2017-1) cat bond from Sompo have priced at levels below their initial guidance. Continuing the trend seen since last year, cat read the full article →

Aozora Re cat bond grows again to $480m for Sompo

The Aozora Re Ltd. (Series 2017-1) catastrophe bond issuance, sponsored by Sompo Japan Nipponkoa (SJNK), has increased in size again with the target raised to $480 million and at the same time the pricing lowered to the bottom of already reduced guidance. The 2017 Aozora Re cat bond issue was first read the full article →

Sompo’s new Aozora Re cat bond grows to $400m, price drops

Sompo Japan Nipponkoa's (SJNK) latest catastrophe bond issuance, the Japan typhoon exposed Aozora Re Ltd. (Series 2017-1), has increased in size while marketing by 48%, to now offer ILS investors a $400 million tranche of cat bond notes we're told. The Japanese primary insurance group returned to the catastrophe bond market read the full article →

SJNK seeks $270m Aozora Re 2017 Japan typhoon cat bond

Japanese primary insurance giant Sompo Japan Nipponkoa Insurance is returning to the capital markets to sponsor a $270 million Aozora Re Ltd. (Series 2017-1) catastrophe bond, to secure additional collateralized reinsurance protection for Japanese typhoon risks. The transaction, which sources said launched to ILS investors on Friday, sees Sompo Japan Nipponkoa read the full article →