Kizuna Re II Ltd. (Series 2015-1)

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JPY denominated Kizuna Re II cat bond to be redeemed by Tokio Marine

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. is to redeem its most recent catastrophe bond, the yen denominated JPY 35 billion, approximately $290m, Kizuna Re II Ltd. (Series 2015-1).The four-year term Japanese earthquake cat bond was the first to see its collateral assets invested in read the full article →

Tokio Marine’s Kizuna Re II 2015 cat bond upsizes by 40% to ~$290m

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. will be delighted with its latest visit to the catastrophe bond market after sources said that its Kizuna Re II Ltd. (Series 2015-1) deal is set to increase in size to JPY 35 billion, approximately $290m.The cat bond launched read the full article →

Kizuna Re II 2015-1 first investment grade cat bond since 2008: S&P

Ratings agency Standard & Poor's has assigned an investment grade rating to a catastrophe bond for the first time since 2008, as the remote risk nature of the underlying Japanese earthquake risk helped the Kizuna Re II 2015-1 cat bond to a 'BBB- (sf)' preliminary rating assessment.The rating on a read the full article →

Tokio Marine sponsors $205m Kizuna Re II 2015 Japan quake cat bond

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. is back with another catastrophe bond, Kizuna Re II Ltd. (Series 2015-1), seeking a $205m (JPY25 billion) source of reinsurance protection from the capital markets for Japanese earthquake risks.Last year Tokio Marine & Nichido Fire sponsored the $245m read the full article →