japan

Share

Hokkaido, Japan quake unlikely to hit any cat bonds: Plenum

The magnitude 6.7 earthquake that struck the Sapporo region of Hokkaido, Japan early this morning is not anticipated to cause any losses to the catastrophe bond market, despite as much as 8% of outstanding cat bond risk capital could be exposed to an earthquake striking the country.Artemis' data shows that read the full article →

Strong M6.7 earthquake strikes Sapporo area of Hokkaido, Japan

At least two people have died and currently over 30 unaccounted for following a strong magnitude 6.7 earthquake that struck the Sapporo area of Hokkaido in Japan this morning, causing damage to property, infrastructure and landslides that have engulfed more dwellings.The earthquake struck at 3:08am local time around 39 miles read the full article →

Japan rains & floods estimated as up to $4bn re/insurance industry loss: AIR

The recent flooding in Japan caused by extreme levels of rainfall could result in an insurance and reinsurance industry loss as high as $4 billion, according to catastrophe risk modeller AIR Worldwide.The latest estimate for the impact to the insurance and reinsurance market from the severe flooding in western Japan read the full article →

Japanese insurer losses from July rains & floods rise into the billions

The losses suffered by Japanese insurance firms after the extreme rainfall and flooding in July are rising into the billions of dollars, with leading companies having reported their losses recently and claims already paid having surpassed $715 million.The rainfall in early July caused at least 200 deaths in Japan, as read the full article →

Japan flood losses estimated as in the billions: JLT Re

The recent devastating flooding in Japan which is now reported to have caused at least 200 deaths and the flooding of thousands of homes and commercial properties is expected to cause industry losses in the billions of U.S. dollars, according to reinsurance broker JLT Re.Japan was struck by its worst read the full article →

Japan flooding among “worst weather disasters” to hit country

Japan has been hit by torrential rainfall in recent days resulting in some of the worst flooding seen in history, with now more than 125 people confirmed as having died in the event and widespread damage to homes and businesses.Meteorological authorities said that the flooding in the west and south-west read the full article →

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

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 read the full article →

MS&AD’s Akibare Re 2018 cat bond secures $320m at lowest pricing

Japanese insurance group MS&AD Insurance Group Holdings looks set to secure a new $320 million source of capital markets backed reinsurance protection at efficient pricing, as its latest catastrophe bond, the Akibare Re Ltd. (Series 2018-1) deal, secures the maximum targeted size at the lowest targeted pricing level.The Akibare Re read the full article →

Akibare Re 2018 cat bond target rises to $320m for MS&AD insurers

The Akibare Re Ltd. (Series 2018-1) catastrophe bond transaction looks set to increase in size thanks to investor demand, with the targeted issuance size rising to $320 million of coverage for the two sponsoring ceding insurers from MS&AD Insurance Group Holdings.This latest Akibare Re cat bond transaction launched to the read the full article →

Akibare Re 2018 cat bond seeks $225m coverage for MS&AD insurers

A new catastrophe bond transaction has been launched to benefit two companies of Japanese insurance group MS&AD Insurance Group Holdings, with a $225 million Akibare Re Ltd. (Series 2018-1) transaction that seeks to secure the sponsors a source of collateralized multi-peril reinsurance cover for three perils.The previous Akibare Re transactions read the full article →