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Zenkyoren’s Nakama Re 2020 quake cat bond to grow 33% to $200m

The latest catastrophe bond to be sponsored by Zenkyoren (the Japanese National Mutual Insurance Federation of Agricultural Cooperatives), one of the world's largest reinsurance buyers, looks set to upsize by 33% to provide the insurer $200 million of protection, but pricing has been fixed at the top-end of guidance.Zenkyoren returned read the full article →

Zenkyoren seeking $150m+ Nakama Re 2020 earthquake cat bond

Zenkyoren (the Japanese National Mutual Insurance Federation of Agricultural Cooperatives), which is one of the world’s largest buyers of reinsurance protection, has returned to the insurance-linked securities (ILS) market with Nakama Re Ltd. (Series 2020-1), seeking another slice of catastrophe bond backed coverage from the capital markets.Zenkyoren has been steadily read the full article →

Zenkyoren secures $700m cat bond at lowest end of pricing

Zenkyoren has now secured $700 million of collateralized Japanese earthquake reinsurance cover from its latest cat bond, while the pricing for the two series of Nakama Re Ltd. (Series 2018-1) notes has now been fixed at the lowest end of the marketed range.Giant Japanese reinsurance buyer Zenkyoren, or the Japanese read the full article →

Nakama Re 2018 cat bond target jumps to $700m for Zenkyoren

The target size for giant Japanese reinsurance buyer Zenkyoren's latest catastrophe bond issuance has increased dramatically, rising 180% to $700 million for the sponsor, as it seeks to continue expanding its use of ILS to transfer earthquake risks to the capital markets, while at the same time pricing indications have read the full article →

Zenkyoren returns for $250m Nakama Re 2018 earthquake cat bond

Giant Japanese reinsurance buyer Zenkyoren is returning to the catastrophe bond market for another opportunity to tap the capital markets for a source of collateralized earthquake reinsurance protection, with a currently $250 million Nakama Re Ltd. (Series 2018-1) transaction, sources said.We're told this transaction launched yesterday and sees Zenkyoren sponsoring read the full article →

Nakama Re 2016 cat bond grows to $700m for Zenkyoren

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.When the Nakama Re 2016-1 cat bond was launched for Zenkyoren, the Japanese National Mutual read the full article →

Zenkyoren seeks $250m three-year aggregate Nakama Re 2016 cat bond

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.Nakama Re 2016-1 is the second three-year aggregate Japanese earthquake cat bond, after Zenkyoren's Nakama Re 2015 deal read the full article →

Zenkyoren’s Nakama Re 2015-1 cat bond hits $300m, pricing hardens

The latest catastrophe bond from repeat sponsor Zenkyoren (Nakama Re Ltd. (Series 2015-1)), the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, has grown by 50% to $300 million in size but pricing looks set to harden and settle at the upper end of initial guidance.When Zenkyoren's latest Nakama Re read the full article →

Zenkyoren returns with Nakama Re 2015-1 Japan quake cat bond

Zenkyoren, or the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, is back in the capital markets looking for at least $200 million of reinsurance protection from a Japanese earthquake catastrophe bond issue, Nakama Re Ltd. (Series 2015-1).As the largest single buyer of catastrophe reinsurance protection globally, Zenkyoren has become read the full article →

Zenkyoren’s Nakama Re 2014-2 cat bond hits $375m, price moves to mid-point

The Japanese National Mutual Insurance Federation of Agricultural Cooperatives, more typically known as Zenkyoren, has seen its latest catastrophe bond deal grow by 88% while being marketed, as Nakama Re Ltd. (Series 2014-2) upsized to $375m.At the same time as growing from the $200m the deal was targeting, up to read the full article →