XL Catlin to launch $150 million cat bond

Posted On: Oct. 19, 2017 4:00 AM CST

XL Catlin and its subsidiaries plan to launch a $150 million catastrophe bond, Artemis.bm reports citing sources. The three-year Galileo Re Ltd. (Series 2017-1) cat bond will cover perils of U.S. named storms, U.S. earthquakes, Canadian earthquakes, U.S. severe thunderstorms, European windstorms, Australian tropical cyclones and Australian earthquakes.