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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 →

SJNK’s Aozora Re 2016 cat bond priced at lowest-end of guidance

Japanese primary insurance group Sompo Japan and Nipponkoa's (SJNK) new Aozora Re Ltd. (Series 2016-1) catastrophe bond has now priced at the lowest-end of the initial guidance and achieving the upsized $220m of reinsurance protection for the firm.When the Aozora Re 2016-1 catastrophe bond launched earlier this month, SJNKread the full article →

Aozora Re 2016 cat bond to grow 25% to $220m, pricing drops

The latest catastrophe bond to be sponsored by Sompo Japan and Nipponkoa Insurance Company, the Aozora Re Ltd. (Series 2016-1) Japan typhoon cat bond, is set to upsize by 25% to $220 million, while at the same time demand from investors has seen the price guidance reduced.The Aozora Re read the full article →

SJNK back with $175m Aozora Re 2016 Japan typhoon cat bond

Japanese primary insurance group Sompo Japan Nipponkoa Insurance is returning to the capital market in search of an expanded source of reinsurance protection for losses caused by Japan typhoons with a $175m Aozora Re Ltd. (Series 2016-1) catastrophe bond.According to sources, Sompo Japan Nipponkoa Insurance (SJNK) is looking read the full article →

Aozora Re Japan typhoon catastrophe bond prices at low-end

Japanese insurance group Sompo Japan Nipponkoa's (SJNK) latest catastrophe bond Aozora Re Ltd. (Series 2014-1) priced at the lowest end of reduced guidance last week, showing investors appetite for this remote risk, JPY denominated bond.The Aozora Re cat bond issuance dropped a USD denominated tranche of notes and the focus read the full article →

Aozora Re cat bond down to one JPY tranche, price guidance lowered

The Aozora Re Ltd. (Series 2014-1) catastrophe bond transaction, which sees Japanese insurer Sompo Japan Nipponkoa (SJNK) Insurance seeking reinsurance cover for Japanese typhoon losses, has been cut down to a single tranche issue while pricing has dropped.When we first covered the Aozora Re cat bond last week the expectation was read the full article →

S&P highlights complexity in Aozora Re Japan typhoon catastrophe bond

More details have come to light on one of the recent catastrophe bond transactions to launch, the $100m Aozora Re Ltd. (Series 2014-1) Japanese typhoon cat bond from primary Japanese insurer sponsors Sompo Japan Nipponkoa Insurance.Rating agency Standard & Poor's has published its presale report and assigned the Aozora Re read the full article →

Aozora Re Ltd., new Japan typhoon catastrophe bond, launches

A new catastrophe bond has launched bringing some rare Japanese typhoon risk to the insurance-linked securities (ILS) market. Aozora Re Ltd. (Series 2014-1) looks set to bring at least $100m of this peril to market on behalf of two Japanese primary insurer sponsors.The Aozora Re catastrophe bond is sponsored by primary read the full article →