Sakura Re Ltd. Series 2021-1

Pricing has now been finalised for Japanese insurance and reinsurance giant Sompo’s new $400 million sized Sakura Re Ltd. (Series 2021-1)  catastrophe bond transaction, with both tranches of notes seeing their coupon fixed at the mid-point of guidance or lower.

Japanese insurance and reinsurance giant Sompo has doubled its target for its latest catastrophe bond with its Sakura Re Ltd. (Series 2021-1)  transaction now aiming to secure the company $400 million of Japanese and US multi-peril catastrophe reinsurance protection.

Japanese insurance and reinsurance giant Sompo has returned to the catastrophe bond market to sponsor its first issuance in four years, as it seeks a $200 million source of Japanese and US multi-peril catastrophe reinsurance with a Sakura Re Ltd. (Series 2021-1)  deal.