Axa XL’s cat bond Galileo Re sizes at $375mn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Axa XL’s cat bond Galileo Re sizes at $375mn

axa building.jpg

Axa XL has secured $375mn of Galileo Re catastrophe bond coverage after the price settled at 7% on the Class A and Class B notes, Insurance Insider ILS understands.

The carrier had initially targeted $250mn of cover for named storm and quake events on a per occurrence, PCS-based industry loss index basis, then upped the target to $400mn.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article