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 →

XL Catlin lifts target for Galilei Re cat bonds to $1.275 billion

XL Catlin's trip to the capital markets with twin Galilei Re Ltd. (Series 2016-1) and Galilei Re Ltd. (Series 2017-1) catastrophe bond issues will result in the largest single cat bond of 2016 and a brisk start to 2017 for the ILS market, as the company targets an upsized $1.275 read the full article →

XL Catlin seeks $1bn from Galilei Re Ltd. multi-peril cat bonds

XL Catlin companies are returning to the catastrophe bond market seeking $1 billion of capital markets backed reinsurance protection with twin Galilei Re Ltd. (Series 2016-1) and Galilei Re Ltd. (Series 2017-1) issuances.Given the timing, the Galilei Re Ltd. catastrophe bond is being issued in two series, sources told Artemis, read the full article →