Kizuna Re III Pte. Ltd

Tokio Marine & Nichido Fire Insurance Co. Ltd. has now secured the targeted $100 million of multi-year collateralized Japanese earthquake reinsurance protection from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, with the notes now priced at the mid-point of guidance, Artemis understands.

Tokio Marine & Nichido Fire Insurance Co. Ltd. is now targeting mid-guidance pricing for the $100 million of multi-year collateralized earthquake reinsurance protection it aims to secure from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, Artemis has learned.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the Japanese primary insurance group, is back in the catastrophe bond market to sponsor an initially $100 million Kizuna Re III Pte. Ltd. (Series 2026-1) transaction, that is designed to provide collateralized earthquake reinsurance protection and is being issued out of Singapore, Artemis has learned.

Tokio Marine Holdings, Inc., through its subsidiary Tokio Marine & Nichido Fire Insurance Co. Ltd., has become the first Japanese insurer to make use of a SOFR-based World Bank Sustainable Development Bond as a permitted investment within its latest catastrophe bond issuance, the company highlighted today.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, has now secured the targeted $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) of earthquake reinsurance from its latest catastrophe bond, with the coverage priced at the low-end of initial guidance.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, is the latest sponsor to target below guidance pricing for its new catastrophe bond, with the still $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) transaction seeing its spread guidance reduced.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, has returned to the catastrophe bond market seeking issuance of a $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) transaction, that is being issued out of Singapore to provide the company with collateralized earthquake reinsurance protection.

A fortnight ago we reported that Japanese insurance group Tokio Marine was set to redeem a $150 million tranche of its Kizuna Re II Ltd. (Series 2018-1) Japan earthquake focused catastrophe bond, as the notes had not faced any loss events in the three years since their issue.

Sources have told us that Japanese insurance group Tokio Marine has opted to redeem a $150 million tranche of its Kizuna Re II Ltd. (Series 2018-1) Japan earthquake focused catastrophe bond, as the notes have not faced any loss events in the three years since their issue.

Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond will be the latest to experience a significant drop in price during its marketing to investors, with the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transactions pricing now fixed some 16% below the initial mid-point of guidance.