calypso capital

AXA’s latest catastrophe bond transaction, Calypso Capital II Ltd., has grown by 75% while marketing to now offer €350m of protection against losses from windstorm events in Europe. At the same time the price guidance has fallen to the low-end of the marketed range.

A new catastrophe bond has been launched on behalf of French insurance group AXA, the third in the insurers series of cat bonds named Calypso. Calypso Capital II Ltd. will seek to secure the insurer €200m of protection against losses from windstorm events in Europe.

AXA Global P&C have successfully tapped the capital markets for additional European windstorm cover with their second Calypso Capital catastrophe bond deal. The return to the market from AXA saw Calypso Capital Ltd. Series 2011-1 begin to market as a €100m tranche of notes but by the time the deal closed they managed to secure €180m […]

French insurance group AXA, through their AXA Global P&C subsidiary, are returning to the catastrophe bond market for European windstorm coverage with another issuance under their Calypso Capital Ltd., Republic of Ireland domiciled special purpose vehicle. Almost a year ago, Calypso Capital Ltd. Series 2010-1 was issued covering the same Euro windstorm risks and at […]

Here is a copy of the Swiss Re announcement about their role in assisting with the placement of European windstorm risks through the catastrophe bond Calypso Capital Ltd. on behalf of AXA Global P&C. Calypso Capital does seem to have set off a buzz in the marketplace and commentators are suggesting this may spur on […]

The Calypso Capital Ltd. catastrophe bond issued by AXA Global P&C has closed at a significantly larger size than it was initially marketed at. The transaction began life as a €150m series 2010-1, first offering of class A notes issued under a €1.5 billion principal-at-risk variable-rate note program.

Hot on the heels of the completion of the recent Green Valley catastrophe bond another cat bond transaction designed to cover windstorm risks in Europe has begun marketing to investors. This €150m Calypso Capital Ltd. issuance is being arranged by GC Securities and Swiss Re Capital Markets on behalf of AXA Global P&C.