Tokio Marine Holdings
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The storm is not expected to be a threat to the order of Jebi or Hagibis. -
The Lloyd’s business is drawing on TMHCC to advise on the future of its reinsurance book.
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The deal is the first typhoon cat bond for the insurer, which previously sourced earthquake cat bond coverage.
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Spreads dropped by a midpoint average of 9% on the deal.
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The insurer has a previous history of buying earthquake reinsurance cover from the ILS market.
