Catastrophe bonds hit by Japanese quake

Investors ponder short- and medium-term effects earthquake could have on cat bond market

Smoke rises over the Japanese city of Sendai, hit by March’s tsunami

The recent earthquake in Japan is causing uncertainty over whether a number of catastrophe (cat) bonds will be triggered, and on the broader consequences for the market.

According to Moody’s Investors Service, four cat bonds are directly exposed to Japanese earthquake risk: Muteki Ltd Series 2008-1, Valais Re Ltd Series 2008-1, Vega Capital Ltd Series 2008-1, and Vega Capital Ltd Series 2010-1.

Cat bonds are designed to transfer risks from reinsurance companies, sponsors of the deals, to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here