Galileo Re Ltd. (Series 2016-1)

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Structuring of XL Catlin’s Galileo Re cat bond attracted investors: Cory Anger

The structuring of the recent $300 million Galileo Re Ltd. (Series 2016-1) international multi-peril catastrophe bond, sponsored by XL Insurance (Bermuda) Ltd. helped to facilitate investor demand, according to GC Securities Cory Anger.The first catastrophe bond to be sponsored by XL Catlin, since XL Group acquired insurance and reinsurance group read the full article →

XL’s Galileo Re cat bond priced at low-end of reduced guidance

ILS investors subscribing to allocate capital to the $300m Galileo Re Ltd. (Series 2016-1) international multi-peril catastrophe bond issuance from XL have given a clear signal that the appetite for higher-yielding notes is strong.The Galileo Re cat bond, which has remained $300m in size, offers three tranches of notes with read the full article →

Price guidance drops on XL’s Galileo Re 2016-1 multi-peril cat bond

In a clear demonstration of investor appetite for higher-yielding catastrophe bond notes, the price guidance on all three tranches of the $300m Galileo Re Ltd. (Series 2016-1) international multi-peril cat bond issuance from XL has dropped to below the lower-end of the initial range.The Galileo Re 2016-1 cat bond launched read the full article →

XL (Catlin) sponsoring $300m Galileo Re 2016-1 multi-peril cat bond

The first catastrophe bond to be launched to the ILS investor market in 2016 is a $300 million or greater Galileo Re Ltd. (Series 2016-1) international multi-peril issuance which is being sponsored by XL Insurance (Bermuda) Ltd.Galileo Re is, of course, the cat bond issuing vehicle that was used twice read the full article →