Pricing lands at 7% for Axa XL’s $400mn cat bond Galileo Re
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Pricing lands at 7% for Axa XL’s $400mn cat bond Galileo Re

Rachel Dalton
04 December 2023
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Axa XL’s $400mn Galileo Re cat bond has been priced at 7%, as the carrier seeks four years’ worth of North American storm and earthquake coverage, this publication understands.

The deal comprises $200mn in Class A and $200mn in Class B notes, both priced with an initial interest spread of 7%.

The

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Topics

Collateralised reinsuranceAxa XLNewsCatastrophe bonds
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Rachel Dalton
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