Japan cat bond placements highlight broader easing of renewal pressure
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Japan cat bond placements highlight broader easing of renewal pressure

Tokyo, Japan Skyline
Tokyo, Japan skyline with the Tokyo Tower | Easyturn/Getty Images

Japanese insurers have always benefitted from some of the most competitive cat bond rates on the market, and 2021 has put their ILS rates back in line with some of the lower-end yields that have been obtained in prior years.

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The two cedants that have come to the ILS market this year were able to secure more competitive rates than they initially targeted for the low-yield tranches brought to market,...

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