Galilei Re Ltd

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Galilei cat bonds help XL reduce PML’s and required capital

Issuing its latest catastrophe bonds has significantly bulked up XL Group's protection against peak U.S. hurricane events, with the companies probable maximum loss for U.S. wind dropping by 20% to 30%.At the same time the addition of the $1.275 billion of new catastrophe bond retrocessional reinsurance protection, in two chunks read the full article →