Axa XL narrows scope of new Galileo cat bond

03 December 2019

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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.

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Axa XL narrows scope of new Galileo cat bond

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Axa XL narrows scope of new Galileo cat bond

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM