Axis closes market's first 144a cyber catastrophe bond

Pembroke, bermuda--(business wire)---- $axs #insurance--axis capital holdings limited (“axis capital” or the “company”) (nyse: axs) today announced that it has closed the market's first 144a cyber catastrophe bond, a $75 million transaction providing several of the company's subsidiaries with fully collateralized indemnity reinsurance protection for systemic cyber events on a per occurrence basis. long walk reinsurance ltd. (“long walk”) issued $75 million of series 2024-1 class a notes, maturing january 2026, to.
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