Axa XL has dropped two proposed reinsurance layers from its new Galileo Re cat bond, but it still plans to raise up to $575mn from the transaction, Trading Risk understands.
Axa XL narrows scope of new Galileo cat bond

Axa XL has dropped two proposed reinsurance layers from its new Galileo Re cat bond, but it still plans to raise up to $575mn from the transaction, Trading Risk understands.