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AXA Global Life launches Benu Capital mortality catastrophe bond

AXA Global Life is seeking a source of fully-collateralized reinsurance coverage for excess mortality events from a catastrophe bond structure with a newly launched €250m transaction named Benu Capital Limited.This is the first pure mortality cat bond since September 2013's Atlas IX Capital from French reinsurer SCOR.Benu Capital Limited, a read the full article →

AXA reported to be readying new mortality catastrophe bond

According to Reuters, French insurance group AXA is marketing a new 144A mortality catastrophe bond transaction, as it seeks to secure capital markets reinsurance protection for large increases in mortality experience under its life insurance portfolio.Mortality catastrophe bonds, or mortality insurance-linked securities, are designed to provide the sponsor or cedent read the full article →

SCOR’s Atlas IX Capital mortality bond well received by investors

French reinsurer SCOR recently completed its first non-life Atlas catastrophe bond issuance, the extreme mortality-linked Atlas IX Capital Limited (Series 2013-1). Aon Benfield Securities, the capital markets and investment banking division of the reinsurance broker, structured the deal and acted as a bookrunner.Through the transaction, SCOR receives $180m of U.S. read the full article →

SCOR completes Atlas IX Capital mortality bond at $180m

French reinsurer SCOR has successfully completed its latest catastrophe bond issuance, a mortality linked deal issued through Irish limited company Atlas IX Capital Limited The transaction provides SCOR with a multi-year source of fully-collateralized retrocessional reinsurance for extreme mortality events such as pandemics.This first issuance through Atlas IX Capital does not read the full article →