Northshore Re II Ltd

AXIS Capital is set to execute on its latest and fourth catastrophe bond transaction at attractive terms, as the Northshore Re II Ltd. (Series 2019-1) has upsized 65% to $165 million, while pricing dropped to below guidance.

Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. has returned to the capital markets to sponsor what will be its fourth catastrophe bond, with a $100 million Northshore Re II Ltd. (Series 2019-1) transaction.

Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. is now set to secure an upsized $200 million of coverage from its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, while at the same time the pricing has now been fixed below the bottom end of the initial range.

Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has lifted the target size for its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond to as much as $200 million, while at the same time the coupon offered to investors has fallen and will settle at the bottom of initial guidance or below […]

Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has returned to the capital markets with a new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, with which the company is seeking a multi-year source of multi-peril reinsurance and retrocession.

The final pricing for Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd’s Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has now been fixed at a level below the initial guidance range.

The price guidance for Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd’s Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has been reduced again, reflecting the continuing strong investor appetite for new issues.

The latest catastrophe bond transaction to be sponsored by Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. is set to upsize by 40%, as its Northshore Re II Ltd. (Series 2017-1) transaction grows to $350 million, while the price guidance has tightened.

Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has returned to the catastrophe bond market for its second transaction, with a $250 million Northshore Re II Ltd. (Series 2017-1) transaction, as it looks to the capital markets to boost its reinsurance and retrocession coverage.