Axis Capital prices cyber cat bond at 9.75%

14 November 2023

Axis Capital has priced its cyber cat bond Long Walk Re at 9.75%, the midpoint of its adjusted guidance, this publication can reveal.

The reinsurer adjusted the pricing guidance for the $75mn cat bond earlier this week from 10% to 9.5%-10%.

Taking the expected loss of 1.97%,

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Topics

Catastrophe bonds News Axis Capital Cyber

Aisling Finn