Nakama Re Ltd. Series 2016-1

Demonstrating the appetite for catastrophe bond investments, the latest transaction to come to market from regular catastrophe bond sponsor Zenkyoren, Nakama Re Ltd. (Series 2016-1), has more than doubled in size to hit $700m during marketing.

Regular catastrophe bond sponsor Zenkyoren has returned to the ILS market looking for at least $250 million of three-year aggregate reinsurance protection against Japanese earthquake risks, through a Nakama Re Ltd. (Series 2016-1) issuance.