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Tokio Marine is targeting $200mn with its Kizuna Re II 2018-1 earthquake cat bond which will protect both itself and subsidiary, Nichido Fire Insurance, according to sources.
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Japanese insurer MS&AD Insurance Group Holdings has launched the Akibare Re 2018-1 cat bond targeting $225mn.
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The Nakama Re 2018-1 cat bond settled at $700mn, after expanding by nearly 200 percent over the course of marketing, according to Trading Risk sources.
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Floridian carrier Heritage Insurance Holdings expects to reclaim $104.4mn from several tranches of its Citrus Re cat bond issuances following Hurricane Irma, Trading Risk has learned.
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Zenkyoren's Nakama Re 2018-1 cat bond has more than doubled over the course of marketing to reach $700mn, after being marketed with an initial size of $250mn, Trading Risk understands.
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Two tranches of a Nationwide Mutual cat bond are now expected to have suffered combined losses of $120.75mn, Trading Risk can reveal.
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The 7.2 magnitude earthquake which hit Mexico on Friday will not trigger a pay out from the World Bank's new CAR 118 - 119 cat bond issued earlier this month.
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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.
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Seven new tranches of tradeable ILS notes have been issued on Solidum Partners' private blockchain with the deals totalling around $15mn of reinsurance limit, the Zurich-based ILS manager said.
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RenaissanceRe has raised $70mn from a third issuance of its Fibonacci Re private cat bond notes, a Bermuda Stock Exchange (BSX) update has revealed.
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Bermuda-based (re)insurer XL Catlin placed more than $500mn of new catastrophe limit for 2018 and increased alternative market retro support to more than $3bn, as ceding strategies among major carriers diverged following last year's losses.
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First quarter cat bond issuance has already reached $1.56bn after the World Bank's Latin American earthquake cat bond upsized to close at $1.36bn, according to Trading Risk data.
