Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

21 May 2013

Axa closes EUR100mn motor notes

8 July 2010

French insurance giant Axa has re-approached the capital markets with its fourth motor insurance securitisation, issuing EUR97.9mn in the latest Series D notes from its Sparc Europe shelf facility.

The three year Sparc Europe (junior) compartment 2010 Class D notes, which have been issued a rating of BB- by Fitch Ratings, will securitise four quota share motor treaties from Belgium, Germany, Italy and Spain.

Axa, through its Irish special purpose reinsurance vehicle Nexgen Re, will securitise motor risk on the...

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