Tokio’s Shima Re issues $70.6m Hotaru 2 private cat bond renewal
3rd July 2017Tokio Solution Management Ltd., the collateralized reinsurance and insurance-linked securities (ILS) unit of global reinsurer Tokio Millennium Re AG, has completed a new private cat bond through its Shima Re vehicle, with the issuance of a $70.6 million Hotaru 2 transaction which we believe to be a renewal for the 2015 Hotaru.
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