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

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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.


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