Zenkyoren secures $225mn of Nakama Re quake coverage
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Zenkyoren secures $225mn of Nakama Re quake coverage

Zenkyoren logo tokyo japan.jpg

Japanese carrier Zenkyoren has secured $225mn of quake coverage with its latest Nakama Re cat bond, as the Class 1 notes upsized to $75mn and pricing on both tranches settled on the low side of guidance.

The final spread offered on the Class 1 notes is 2.5%, 9% lower than initial guidance of 2.75%. The final price gives a multiplier of 3.2x

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article