Japan's Zenkyoren & Germany's SV secure $100m in quake reinsurance from cat bond

SV Sparkassenversicherung has placed a disaster bond for the first time. The Cat Bonds is called "Liongate Re" and is a joint project with the Japanese cooperative insurer Zenkyoren. Reinsurance protection covers earthquake risks in both countries with a total volume of 100 million US dollars. VWtoday has learned how the SV assesses the earthquake risk in this country and can expect a lot of returns from investors. The contribution Sparkassenver…

Japan's Zenkyoren & Germany's SV secure $100m in quake reinsurance from cat bond

German insurer SV SparkassenVersicherung (SV) has entered the catastrophe bond market with the successful completion of its debut cat bond, Liongate Re, securing $100 million in fully collateralized reinsurance, in collaboration with Japanese mutual insurer Zenkyoren. Named after the company’s headquarters at the “Löwentor” in Stuttgart, Liongate Re was issued via a dedicated Irish SPV. The issuance marks a key milestone in SV’s broader risk tra…

SV CEO highlights strategic partnership with Zenkyoren in Liongate Re cat bond debut - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. SV SparkassenVersicherung (SV) has spotlighted its new strategic partnership with Japan’s Zenkyoren as a cornerstone of its first catastrophe bond, Liongate Re DAC, a $100 million issuance that reflects a growing trend of collaborative and diversified global risk transfer in the insurance-linked securities (ILS) space. As we reported…