Earlier this fiscal year, Japanese ICMIF member, Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives, President: Fumio Yanai), announced that, in light of the trends in the catastrophe (cat) bond market, it had issued the first Cat Bond “Nakama 2023-1” that incorporates information disclosure regarding the Sustainable Development Goals (SDGs) and ESG investment initiatives of the issuer (Zenkyoren).