Northshore Re dips below guidance at 800 bps
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Northshore Re dips below guidance at 800 bps

Martha Muir
23 June 2022
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axis_logo_bermuda_2021.png

Northshore Re from Axis has been priced at 800 basis points (bps), at the bottom end of the updated price range of 8.00% to 8.25% and below the original guidance of 8.25% to 8.75%.

Axis is seeking $140mn, a 40% increase from the initial target of $100mn.

Attaching at $420mn, it will provide annual aggregate, state/province-weighted industry insured loss index cover against storms and earthquakes in the US, Washington DC, Puerto Rico and the...

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Topics

NewsCatastrophe bondsAxis Capital
MM
Martha Muir
Reporter
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