Axa SA sets pricing on EUR150mn cat bond at lower end of guidance
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Axa SA sets pricing on EUR150mn cat bond at lower end of guidance

Rachel Dalton
26 June 2023
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Axa SA has fixed the pricing on its new Eiffel Re cat bond at 3.25% per annum, at the lower end of initial guidance of 3.25%-3.75%, this publication understands.

The carrier has also upped the limit on the bond from an initial EUR125mn ($136mn) to EUR150mn.

Eiffel Re will offer per-occurrence coverage for windstorms in Austria, Belgium, Denmark, France, Germany, Ireland, Luxembourg, The Netherlands, Norway, Sweden, Switzerland and the...

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