Galileo Re Ltd

We reported last month that AXA XL had secured $67.5 million of retrocessional protection from a new Galileo Re Ltd. (Series 2026-1) catastrophe bond issuance. We’ve now learned this deal was particularly innovative and set some new market firsts, including becoming the first US terrorism cat bond ever.

AXA XL, the global specialty insurance and reinsurance arm of the AXA Group, has been back in the catastrophe bond market in recent weeks, securing $67.5 million of retrocessional protection from a now-priced Galileo Re Ltd. (Series 2026-1) issuance that we have been told was more privately offered than its previous deals.

AXA XL has now successfully secured its targeted $175 million of industry loss based retrocession from the capital markets through the Galileo Re Ltd. (Series 2025-1) catastrophe bond, with one tranche of notes priced at the bottom of initial guidance, the other below its initially marketed range.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is now seeking lower pricing for its new Galileo Re Ltd. (Series 2025-1) catastrophe bond issuance, while the target remains to secure $175 million of industry loss based retrocessional protection from the capital markets, Artemis has learned.

AXA XL, the global specialty insurance and reinsurance arm of the AXA Group, has returned to the catastrophe bond market seeking $175 million or more of industry loss based retrocessional protection with a new Galileo Re Ltd. (Series 2025-1) issuance, as the company demonstrates a desire to secure more capital markets backed cover.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is now on course to settle its new Galileo Re Ltd. (Series 2023-1) catastrophe bond issuance to provide the firm $375 million in catastrophe protection.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, has increased the target size for its new Galileo Re Ltd. (Series 2023-1) catastrophe bond issuance, with now up to $400 million in protection sought from the deal.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is back in the catastrophe bond market for the first time since late 2019, seeking $250 million or more in protection with a new Galileo Re Ltd. (Series 2023-1) issuance, that features a reduced range of perils to its recent deals and […]

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, will settle its latest catastrophe bond Galileo Re Ltd. (Series 2019-1) at $475 million in size, as the company fixes pricing and allocations for its latest capital markets backed reinsurance transaction.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is hoping to upsize its latest catastrophe bond issuance, as the Galileo Re Ltd. (Series 2019-1) transaction is now aiming for up to $575 million of protection for the firm, but two tranches of the issuance have been pulled.