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

24 February 2018

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Zenkyoren launches $250mn Nakama Re 2018-1 cat bond

12 February 2018

Japanese insurer Zenkyoren has returned to the cat bond market after a one-year absence, with a $250mn two-tranche Nakama Re 2018-1 cat bond which will cover Japanese earthquake risk.

The cat bond is set at the same initial size as the insurer first targeted from its last cat bond - the 2016-1 Nakama Re issuance - which ultimately expanded by 180 percent over the course of marketing to reach $700mn.

This took Zenkyoren's total cat bond cover up to $1.68bn...


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