Tokio Marine & Nichido Fire Insurance Co Ltd’s US$100 Million Catastrophe Bond Renewal – Singapore’s First ESG-Linked ILS Investment into a World Bank Sustainable Development Bond

Rajah & Tann Singapore, member firm of Rajah & Tann Asia, acted for Tokio Marine & Nichido Fire Insurance Co Ltd on a US$100 million renewal of rule 144A catastrophe bond via Kizuna Re III, marking Singapore’s first ESG-linked ILS investment into a World Bank Sustainable Development Bond. Partners Simon Goh and Alvin Ee from the Insurance & Reinsurance Practice along with Partner Lee Xin Mei from the Banking & Finance Practice led the transaction.