Zenkyoren seeks further aggregate cover

Zenkyoren is looking to add to its multi-year aggregate
insurance through a new $250mn Nakama Re cat bond, sister
publication Trading Risk has
reported.
The Japanese mutual has previously used the rolling three-year
aggregate feature on a couple of cat bond layers issued in 2014 and
2015, which were worth $400mn in total, although it remains a rare
feature on the ILS market.
The Nakama Re 2016-1 issuance is split into two tranches, one of
which is lower-risk than the...