AXA Euro Storm Risk ABS Breezes Into Market

11 Oct 2010

AXA Global P&C has hit the market with a €150 million ($208.3 million) securitization that references windstorm risks affecting several European countries.

—Hugh Leask

AXA Global P&C has hit the market with a €150 million ($208.3 million) securitization that references windstorm risks affecting several European countries. The single tranche issuance, known as Calypso Capital, is rated BB by Standard & Poor’s and has a three-year life span. Swiss Re, which managed ...

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