Tokio Marine, Sompo progress cat bonds

23 March 2021

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Tokio Marine and Sompo are both progressing with plans to add new cat bond cover to their reinsurance programmes as pricing on the deals fell below their initial targets.

Tokio Marine will raise its targeted $150mn of aggregate reinsurance cover for its Kizuna Re cat bond, with pricing tumbling 16% during the marketing process, Trading Risk understands.

The

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Tokio Marine, Sompo progress cat bonds

Tokio Marine and Sompo are both progressing with plans to add new cat bond cover to their reinsurance programmes as pricing on the deals fell below their initial targets.

Fuel a smarter strategy with our actionable market intelligence

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Tokio Marine, Sompo progress cat bonds

Tokio Marine and Sompo are both progressing with plans to add new cat bond cover to their reinsurance programmes as pricing on the deals fell below their initial targets.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM