A €350 million ($473 million) catastrophe bond providing coverage for AXA Global P&C just closed, according to press releases from lead structurer Swiss Re Capital Markets Corp. and co-arranger Natixis.

Both shops were joint bookrunners on the deal, which Swiss Re called the largest euro-denominated cat bond to date.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.