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

21 May 2012

Zenkyoren revisits cat bond market with $150mn Kibou

13 January 2012

Japanese mutual Zenkyoren is seeking to renew its cat bond cover with a new $150mn Japanese earthquake offering, Trading Risk can reveal.

Hannover Re is fronting the $150mn Kibou deal for Zenkyoren, which will be distributed by GC Securities, Trading Risk understands.

Last year Zenkyoren's $300mn Muteki - which was also a parametric deal - became the first cat bond to make a full payout after the March Tohoku earthquake.

Kibou will be a parametric deal, like Muteki, that triggers...

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