Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives and one of the world’s largest buyers of catastrophe reinsurance protection, has now successfully secured its largest slice of catastrophe bond protection ever, as its new Nakama Re Pte. Ltd. (Series 2021-1) issuance achieved the top-end target of $775 million, we’re told.
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Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives and one of the world’s largest buyers of catastrophe reinsurance protection, could secure its largest catastrophe bond ever with its latest issuance, as the top-end target for the Nakama Re Pte. Ltd. (Series 2021-1) cat bond has now risen to $775 million, we understand.
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Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives and one of the world’s largest buyers of catastrophe reinsurance protection, is back in the insurance-linked securities (ILS) market, targeting a $500 million Nakama Re Pte. Ltd. (Series 2021-1) catastrophe bond issuance to transfer more of its earthquake exposure to the capital markets.
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