Northshore Re II Ltd. Series 2021-1

AXIS Capital has increased the size of its latest catastrophe bond issuance by 50%, as the Northshore Re II Ltd. (Series 2021-1) transaction is now set to complete at $150 million in size, with pricing now been fixed below the initial guidance.

AXIS Capital, the Bermuda headquartered global specialty insurance and reinsurance firm, has returned to the catastrophe bond market for the first time this year, with a target for an at least $100 million Northshore Re II Ltd. (Series 2021-1) issuance.