Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

More than $1.5bn of cat bonds exposed to Japanese quake

11 March 2011

A total of nine cat bonds, with combined value of $1.56bn, are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the North-east of the country today (11 March).

According to Trading Risk data, nine outstanding cat bonds include cover for Japanese quake, including the $300mn 2008 Muteki transaction - issued by Munich Re on behalf of Japanese insurer Zenkyoren - which is scheduled to mature in May this year.

Trading Risk understands that...

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