Our preliminary analysis has revealed key insights about KIZUNA RE III PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
65202
General reinsurance
Recently transacted with KIZUNA RE III PTE. LTD.?
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This is only a preview of the TrustScore results for KIZUNA RE III PTE. LTD., showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
KIZUNA RE III PTE. LTD. has been operational for several years, indicating stability and reliability. Companies with a long history of operations are generally considered more trustworthy. The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy.
KIZUNA RE III PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting KIZUNA RE III PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations. The company is not accredited by CaseTrust. This lack of accreditation may raise concerns about the company's credibility and trustworthiness.
The company maintains an official business profile on major search engines, enhancing its visibility and credibility. KIZUNA RE III PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility.
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Sign In to ContinueEarlier this year, Tokio Marine sponsored a $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) cat bond that provides it with multi-year Japanese earthquake reinsurance protection. Now the company has returned, with a new issuance vehicle domiciled in Singapore, Umigame Re Ptd. Ltd., looking to add a capital markets source of both typhoon and flood reinsurance from the capital markets. Umigame Re Ptd. Ltd. will issue three tranches of notes, all of which will be sold to investors and the collateral used to support reinsurance agreements between the issuer and the sponsor Tokio Marine & Nichido Fire.
8 June 2021
Japanese insurer Tokio Marine brought some regional diversification for the earthquake peril in the quarter via Kizuna Re III Pte. Ltd. (Series 2021-1), a $150 million transaction covering Japanese earthquake risks. While Asagao III – White Rock Insurance (SAC) Ltd. added a further $18.3 million of Japanese earthquake risk to overall issuance. Interestingly, Sakura Re Ltd. (Series 2020-1) from Japanese insurer Sompo – the only deal to cover multiple perils in multiple countries – featured some U.S. earthquake exposure, on both a first and second event basis.
5 May 2021
As a reminder, Tokio Marine recently returned to the catastrophe bond market and sponsored a fresh $150 million cat bond issuance, securing additional reinsurance through the Kizuna Re III Pte. Ltd. (Series 2021-1) transaction that was issued last month. But with the $200 million of notes from the Kizuna Re II 2018 cat bond now redeemed, it seems Tokio Marine’s cat bond backed reinsurance protection has actually shrunk this year.
22 April 2021
During the most recent quarter, the $50 million Class B tranche issued via Sierra Ltd. (Series 2021-1) and the $150 million Class A tranche via Kizuna Re III Pte. Ltd. (Series 2021-1) were the only tranches to settle at their initial target price. Starting at the lower end of the spectrum; both tranches of the Torrey Pines Re Pte Ltd. (Series 2021-1) transaction, sponsored by Palomar Specialty Insurance Company, upsized by 33% while marketing. With this deal, both the Class A and Class B tranches eventually settled at $200 million in size. The California Earthquake Authority’s ninth transaction, Ursa Re II Ltd. (Series 2021-1), completed at $215 million after seeing its target size spike by 43%.
14 April 2021
The price guidance has been lowered for Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond, making the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transaction the latest to see its pricing fall during marketing. Every property catastrophe bond issued or priced so far in 2021 has seen its pricing decline while being marketed to investors and in fact the majority have seen their pricing decline to the bottom end of initial spread guidance or even lower.
17 March 2021
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.