Zenkyoren is Japan’s National Mutual Insurance Federation of Agricultural Cooperatives, commonly also known as JA Kyosai. It provides insurance products across a range of classes.
Zenkyoren buys one of the largest reinsurance towers in the world and has been a user of catastrophe bonds as part of that for more than twenty years.
Read our Zenkyoren catastrophe bond and reinsurance news and analysis on this page.
The new catastrophe bond which has been issued on behalf of Japanese cooperative insurer Zenkyoren by sponsor Hannover Re, Kibou Ltd., has now completed and managed to double in size before close demonstrating the attractiveness of the diversifying peril that was on offer. Kibou Ltd. was successfully completed and will provide Hannover Re with $300m […]
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More details have emerged on the new catastrophe bond which is being marketed by sponsor Hannover Re to provide protection to their reinsured, Japanese National Mutual Insurance Federation of Agricultural Cooperatives, Zenkyoren. The Kibou Ltd. catastrophe bond is the first which aims to cover Japanese earthquake risks alone since the quake and tsunami struck last March. […]
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The pipeline for new catastrophe bond issuance in 2012 is beginning to look very busy with deals launching in the last week and hoping to complete quickly.We know of three new transactions which are currently being marketed and hear of more which should launch soon, possibly by month end. The three transactions which are actively […]
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The earthquake and tsunami in the Tohoku region of Japan last March took a large toll on the Japanese Zenkyoren cooperative insurer, also known as the National Mutual Insurance Federation of Agricultural Co-operatives. Zenkyoren had the largest insured portfolio exposure to the Japan quake and is one of, if not the, largest buyer of property […]
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One of the interesting insights provided by Aon Benfield’s Q2 2011 insurance-linked securities market report is the observation that Japanese insurers have demonstrated a heightened interest in catastrophe bonds lately. It seems that the triggering and eventual total loss of the Muteki Ltd. cat bond in the 11th March earthquake disaster has been seen as […]
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Munich Re have announced their results for the first quarter of 2011 this morning. As expected they have posted a significant loss due to the disasters which have occurred in the first three months of the year in Australia, New Zealand and Japan. However they have also provided some further insight into the fated Muteki […]
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Finally confirmation has emerged that the $300m Muteki Ltd. catastrophe bond issued in 2008 by Munich Re on behalf of Japanese cooperative Zenkyoren is a total loss after being triggered by the 11th March earthquake off the coast of Tohoku, Japan. The market has been expecting the loss and it’s been priced in to the secondary […]
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Rating agency Moody’s has downgraded the notes of catastrophe bond Muteki Ltd. today as they believe the deal will be triggered (which we suggested was possible earlier) and they expect a total loss of principal to investors in the transaction. The $300m Series 2008-1 deal provided protection to Munich Re for certain reinsurance contracts they […]
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