29 November 2023Alternative Risk Transfer

Axis pioneers market's first $75m 144A cyber catastrophe bond

Axis Capital Holdings has closed the market’s first 144A cyber catastrophe bond, a $75 million transaction providing several of the company’s subsidiaries with fully collateralised indemnity reinsurance protection for systemic cyber events on a per occurrence basis.

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Axis pioneers market's first $75m 144A cyber catastrophe bond

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