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AXA XL sets Galileo Re 2019-1 cat bond target at up to $575m

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 read the full article →

AXA XL to sponsor potentially large Galileo Re 2019-1 cat bond

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is returning to the catastrophe bond market for the first time since 2017, with a new Galileo Re Ltd. (Series 2019-1) catastrophe bond transaction that seeks at least $400 million of protection, but could grow much larger.In read the full article →

XL’s new Galileo Re 2017-1 cat bond price rises on riskiest tranche

XL Catlin and its subsidiaries latest catastrophe bond, the $150m Galileo Re Ltd. (Series 2017-1) transaction, having been the first to market following the recent hurricanes is a good test of investor appetite and while investors are keen to take on more risk the coupon shows that this is not read the full article →

XL to issue $150m Galileo Re 2017-1 cat bond, first deal since hurricanes

XL Catlin and its subsidiaries are the first sponsor to return to the catastrophe bond market after the recent hurricane losses, according to sources, launching a $150 million Galileo Re Ltd. (Series 2017-1) transaction with pricing that looks a little higher than other recent similar multi-peril cat bond issues.Coming so read the full article →

XL’s Galileo Re 2015 cat bond deemed at risk of loss by investors

One of XL Catlin's outstanding catastrophe bonds, the $300 million Galileo Re Ltd. (Series 2015-1), has been heavily discounted in trading by investors, as they look on the transaction as one of those deemed most at risk of loss due to the combined impacts of hurricane Harvey and Irma.The Galileo read the full article →

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 →

Catlin’s Galileo Re 2015-1 cat bond closes at upsized $300m

Insurance and reinsurance group Catlin has completed its latest catastrophe bond transaction, Galileo Re Ltd. (Series 2015-1), upsizing the transaction by 50% to close it securing $300m of protection for a variety of natural perils.Galileo Re 2015-1 was launched a few weeks ago and saw Catlin seeking a 3 year read the full article →