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

24 March 2018

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Axis launch $250mn Northshore Re II cat bond

16 June 2017

Axis Capital is looking to raise $250mn from its second cat bond, Northshore Re II 2017-1, Trading Risk understands.

The deal will cover various Axis subsidiaries including Axis Re, Axis Insurance and Axis Specialty.

Northshore Re II will provide per occurrence cover against US wind and quake perils. This will be triggered on a province-weighted insured industry loss data using PCS loss estimates.

Axis are offering an initial spread guidance of 750-850 basis points (bps) for the single-tranche notes.


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